Im thinking with the melt up going into end of year we should probably hit $580, maybe false breakout, then start heading back down. Either way not enough room for me to bother with a trade yet. I still have long term put position that I've been averaging down.
Short term predictions are with light blue and light orange line, longterm this is def a sell for me
Entered this trade mostly based off of current economic indicators related to jobs and housing, as well as RV sales and Used car market. Less time spent on determining short term outcome. Colored arrows are basic predictions based off my feelings. Based on election cycle and other economic indicators, as well as near rate cuts gave me the proper vibe for this.
My Idea from earlier this month seemed to be a lil bit prophetic lol. The price basically followed my line which is kinda funny. Lets hope I can keep my prophecy going here. :D What I kind of hope to see would be the formation of a head and shoulder pattern, that will then head down prolly to 145-140 region. I think this formation seems very uhh likely and...
IMO the most likely path is the one highlighted in red. But something I've noticed is that there has been a lot of impulsive buying recently which has led to those big green candles. I personally dont have any position in this rn, so i want it to go down because I wanna go long on this. Although there is plenty of impulsive buying (and the market seems to be in...