Wyckoff Top Melt upI think I know why Buffet sold 50% of apple. Because all the big boys will be selling key levels of this melt up so they don't get caught. Retail will keep driving price.
2 legs, possibly something like 40% each. Maybe first into Powel Fed 9/18, then a pull back, then second leg less vertical than the first, into the election EOY. And then we would get massive flushes of selling as large stake holders dump on retail, let them drive it back up, then dump again.
I thought this could happen, but even I didn't see the set up until this moment. It's either that or we do now very hard. What does the sentiment tell you will happen?
We blow up. We get interest rate cuts because the economy is in danger. Fed may even not make a cut until the bitter top, triggering the selling in the winter.
I planned out a Wyckoff blow off months ago, but the price action was so difficult to get a handle on since October, and you really have to shrink and compress your candles down to see the true shape of it. I'm not that experienced, but it appears we'd get near 13k before the end. And whomever becomes president will get the gift of an 80% market drop during their term that has nothing to do with them.
But will have been because of corporate greed, record buybacks to inflate values. Something had to give. Something has to give. Jack holes.
And record retail use. Geez. Wonder what GME does in this bubble? I'm all in on RIVN to the top and then I sell everything. I but it hits 420 and dies. Lol.
This world we live in.
