Brief Bear Before Next ATH
Clear Bear Signal on 14 Apr, engulfing candle in NQ ate up every penny earned on 13th, a twin tower. Volume declining, RSI Overbought.
Bull trend is intact, IMO gonna retest the breakout point and consolidate bullish power before moving to ATH in late April > early May.
A real correction to emerge later in May > June; then a summer rally. ERs will drive it now, SandP PE = 42, need big ERs to support price.
Not investing advice, trade at your own risk, GLTA!
Bull trend is intact, IMO gonna retest the breakout point and consolidate bullish power before moving to ATH in late April > early May.
A real correction to emerge later in May > June; then a summer rally. ERs will drive it now, SandP PE = 42, need big ERs to support price.
Not investing advice, trade at your own risk, GLTA!
Note
Going parabolic, wow. Bull trending...Trade active
Looks like 2 September, same waveform. Spiking at end of a fully developed EW.Friday pump likely drive it to new, perhaps final ATH?
Throwover imminent imo; in VIX calls, the May $17 strikes.
Don't get into puts too soon the Power Hour on 4-16 will probably blow them away...
Trade active
closed shorts on midday dip, expect a weak bounce tues; not chasing it!Note
Yes, here it is in AH, buyin it back up again...expect double top before the big break IMO
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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.