US 30: Bounce before Deep Discount? Distribution Phase
Chart says all. IF the TL holds today expect vigorous retrace, a fool's rally; then the End.
Trade at your own risk, this is not financial advice. GLTA!
Trade at your own risk, this is not financial advice. GLTA!
Trade active
Held the TL. Trades a bit lower after hours. Let's see what Tues brings!Trade active
Critical juncture. Touched the TL at open in gap; up; will it reject again or bull higher? 264 is 50% Fib retrace. let's see if it gets that far.Note
Futurz suggest rejection imminent. Holding shorts!Note
Look back at 10/11 Oct 2018. See the bounce was not a big Fib. We had 0.50 Dow and 0.62 NQ bounce so I reckon it's pretty close to rollover again. Terrific resistance on SPX at 2912-2915 breakdown zone, they won't pay more now. Same pattern re-emerges. Throwover imminent, brace for impact. GLTA!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.