SHORT NNI Am short NNI in the short term. Bullish overall but feel this will come back before breaking new highs.
NNI trade ideas
Hate Student Loans? Hit Em' Where it Hurts. Ascending WedgeTake a loan from Nelnet, place the bills into your broker of choice and short, and pay them back with their bloody money.
What we've got.
1. Ascending Wedge: Bear
2. Elliot wave: looks like it was completed.
3. DJI & S&P 500: Descending Triangle: Bear + Near complete and poised for breakout
4. Cup & Handle: Arguable has hit its targe
5. Stochastic RSI- Lower Low whilst price creates a higher high + debatably double top in 6 month view with higher prices
6. Volume : Declining, get ready for a breakout.
Stop paying Nelnet, let their loans pay themselves with a nice short.
Targets : 38.2 Fib lev. - $38.52 & 61.80 Fib lev. - $25.54
P.S. Don't forget to reward your efforts with a nice dinner after the carnage is over & any fundamentals that anyone can comment on would be great.
