It always ends like this. Overlay from final wave 5 rally into 2 Sep.
Just something to consider before you go full bore shorting this.
Finding the exact fit to this week's rally was quite sobering.
April is usually very bully and we're coming off a very Beary period since mid-Feb.
The overlay suggests end price ATH at 4446.
IMO a Big Bullup may well occur. Weakness in techs, NQ and RUT have been holding this dog down; they appear to be consolidating and possibly preparing for a move up. Watch RTY and NQ1 for a breakout; if it comes this will bull IMO.
Not intended to be advice, trade at your own risk; just something to consider... carefully IMO. GLTA!
Just something to consider before you go full bore shorting this.
Finding the exact fit to this week's rally was quite sobering.
April is usually very bully and we're coming off a very Beary period since mid-Feb.
The overlay suggests end price ATH at 4446.
IMO a Big Bullup may well occur. Weakness in techs, NQ and RUT have been holding this dog down; they appear to be consolidating and possibly preparing for a move up. Watch RTY and NQ1 for a breakout; if it comes this will bull IMO.
Not intended to be advice, trade at your own risk; just something to consider... carefully IMO. GLTA!
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IMO the move will start on 5 April week. Expect to bull every day for a month. Moonshot. Probly last chance to close shorts before the holiday weekend... don't forget 2 April is market Good Friday holiday!
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NB: RTY and DJT Green on a down day... these are leaders of bull movements, small caps bulling is an early warning to GTFO ur shorts!
Transports going Green, DJI close behind, get ready for the parabolic IMO: Dow Theory, Indices should confirm each other (DJT, RUT moving up with DJI, SPX), volume will rise with rising price (waiting to see this); Trend Persists until a Clear Reversal occurs (only NQ1 slipped into correction zone and has since lifted out): The Trend is Ur Friend until the End when it may Bend.
Transports going Green, DJI close behind, get ready for the parabolic IMO: Dow Theory, Indices should confirm each other (DJT, RUT moving up with DJI, SPX), volume will rise with rising price (waiting to see this); Trend Persists until a Clear Reversal occurs (only NQ1 slipped into correction zone and has since lifted out): The Trend is Ur Friend until the End when it may Bend.
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Here's the link; heading into Excess Phase; Euphoric Buying Panic Climax:
www.investopedia.com...erms/d/dowtheory.asp
www.investopedia.com...erms/d/dowtheory.asp
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Expect this to climb a wall of worry. If it gaps up Monday, will likely sell down and might fill gaps back to Wednesday, then bounce higher, faster.
Option traders dream, buyin daily calls in a panic for pennies, just be damned sure u get in on bottom and not end of wave 3 down, lol.
Option traders dream, buyin daily calls in a panic for pennies, just be damned sure u get in on bottom and not end of wave 3 down, lol.
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Another Gap & Go, FGS, due for a breather soon, pullback imminent IMO.
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Looks and feels toppy IMO... waiting on Tues prices to confirm or invalidate top... there is a Fib at 4130 but overlay suggests some pullback here soon.
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EOD rush lifts price back to the 2PM HOTD. Next 2 trading days will generate a signal IMO.
Would NOT short based on high price alone! Can creep higher... wait for a clear signal.
Would NOT short based on high price alone! Can creep higher... wait for a clear signal.
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Filling in nicely; got a nice blowup this week, wayy overboiught; overlay calls for 90-100+ pip pullback next week, then higher again.
