Parabolic Exhaustion Gap Incoming?
Updated
Every major top ended with the parabolic, a vertical unsustainable spike, delivered on an exhaustion gap.
Overlay from Aug > September fits perfectly... expect a gap weds or thurs to terminate in blowoff around 4200.
RSI went to 88 on 2 September. Closed at 77 Tues... still room to run higher into overbought zone IMO.
Trade at your own risk; GLTA!
Overlay from Aug > September fits perfectly... expect a gap weds or thurs to terminate in blowoff around 4200.
RSI went to 88 on 2 September. Closed at 77 Tues... still room to run higher into overbought zone IMO.
Trade at your own risk; GLTA!
Trade active
Short in May contracts on IWM, SPY, QQQTrade closed manually
Made bank; could bounce here, closed EOD. Do not underestimate the bulls to pump this overnight! First sell from ATH usually provokes BTFD rally.Trade active
shorted and closed, short the bounce rallies imoComment
Gonna get double top IMO, see if the Euros pump it AHRelated publications
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