down it will go hard soon, filling the gap like a magnet
if you go by the trend on weekly, breakdown may be around the corner, rising wedge.
this is how big dogs play, they take position and then slap upgrade and price targets. push prices and cause short squeezes. in the meantime I think it will hit $400 today in a hurry, round figure tops.
Now waiting for neck line to be broken, and then when it bounces back, you short it as it may fail at neckline coming back.
Right shoulder is in progress. Based on FANG stocks, it appears that most have exhausted their push. Right shoulder may not be as high as left shoulder. These stocks are moving as if its their big earnings rally, its not.
It appears AMZN is going to fill the gap like a magnet at 1482 +/-, would possibly short it there.
WYNN is another one again, crossed other resistance and is hitting a major one.
Even a blind man can see, in this fragile market of high volatility, the N of the FANG hits double top, of course all time high is couple bucks away, but on closing basis, its $331.5 +/-
Previous resistance were overcome by gap up's repeatedly, this one looks formidable.
as of now technically its holding above the trendline, lets see how it closes today.
DJI is a pure short, and could fall very hard from here.
DJI went to the top downsloping trendline like a magnet. Any strength tomorrow is to be shorted, at least that is what I will be looking to do. It may try to hit today's highs before reversing hard.
Finally hit the top trendline $311.xx