This beautiful base to me is like Michelangelo painstakingly painting the Sistine Chapel , it'd be a shame to have to start over.
We'll know in the next 2-3 days looks like. Projects nicely to 60+ if the market gods are appeased.
Notes for myself ...
1. Former red zone of resistance might put a cap on recovery bounce.
2. Next corrective move down further paints the left side of the Handle.
3. Lunar theory suggests the remainder of the week it tests the red resistance area.
4. Before giving up and moving down on or about the 20th.
Or it just does what it wants , chaos theory. ...
1. With SPX a whisper above it's 2nd support zone, AAPL could quite possibly defend 172 fiercely.
2. SPX 2720 / 2730 is the 3rd support zone , not "that" far below.
3. Ideally, the SPX slips to 2720 / 2730 , and AAPL shows relative strength holding 172.
4. An apple a day keeps the ex-wife away , so I need my AAPL
"The number of traders net-long is 8.2% lower than yesterday and 21.3% lower from last week"
I expect the % of Longs to take a double digit hit on a day like today , bringing the % long decrease from last week close to 50%
... bringing net long positions down from it's Feb 75% high, to earlier this week's 52% and will close the week in the 40's to high...
1. If the gold major trend line gets touched and holds , it would support what at that point would look like the last half of the handle.
2. Is there anything more delicious than gold & coffee?
3. As Yoda would say, "Patience you must have my young Padawan."
Gold, falls on the half moon, rises on the full.
1. This is for myself so I can look back and have a good laugh at myself for following such things . 'cuz who would believe that voodoo, werewolves and full moons are reliable indicators right?
2. If Gold is forming the handle part of its pattern, then the bottom of said handle would be printed on, or a ...
