US 30 Upside Explosion; Possible Ultimate ATH: 30K?
Updated
Just an idea. Not sayin' this is goin' down; maybe we already saw ATH today on 7/15. But, maybe a brief pullback to lower channel TL culminating on 7/23 will provoke a feeding frenzy coupled with FOMC rate cut to push the darn thing to 30K. Could easily rise another 6-8% in euphoria and carefree complacency that prevails atm.
If this plays out the subsequent selloff will be spectacular- at least 10k pips. Probably gonna see a day when it tanks off 2k in one session later this year or early next.
FGS trade carefully or just stay out and marvel at the insanity! I marked this idea as 'long' but I'm not betting on it just yet.
See if we get a sell to entry for the fifth of fifth of fifth of... whatever wave this is now. GLTA!
If this plays out the subsequent selloff will be spectacular- at least 10k pips. Probably gonna see a day when it tanks off 2k in one session later this year or early next.
FGS trade carefully or just stay out and marvel at the insanity! I marked this idea as 'long' but I'm not betting on it just yet.
See if we get a sell to entry for the fifth of fifth of fifth of... whatever wave this is now. GLTA!
Note
Looks like the Tri-Star is forming on third day, 7/17. This is a reliable Bear signal.Trade active
Seems to have support above the channel lower TL at 271. Closed the shorts and rolled into bull call spreads. Maybe too soon; but down three days, looks like it might pivot higher here. They are enthusiastic going to FOMC on 30/31 July and there is no fear in the market, they buy the dips like well-trained dogs.SPY seems bullish and found support at 297.2 today. Bottom of channel at 296.5.
Note
Pivoting off days lows around 296.8 SPY, 271 DIA. Not much downside left ATM IMO. Adding to bull spreads. BTFD will explode it IMO. Race ain't over yet; closed the AM gap; sold down to touch the channel TL. If it holds here = bullish!Note
Cup and handle forming intraday on SPY, Dow; less evident in NQ. Bullish! Held at first support.Note
Lifting but might still have selling unfinished. Modest bear trend should complete by 7/23. Expect rising into FOMC, than explosive exuberance. Do not be short in this!Note
RUT, DJT quite bullish! IMO it pivots. One Bull Run left in it?!Trade active
Called it spot on!Note
If we get the sale it will likely bounce real quick. 27089 Might be pivot, confirm Tues.Trade active
Flipped some calls for lunch money. Index has nicely filled in the graph curve, let's see if it holds, some big ERs coming this week, another MMM disappointment seems likely.Trade active
BTFD! MOON SHOT EXPECT 27817 ON WEDS 31 JULY!Note
Touched the TL in AM sell; gone long. GLTA!
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