One Last Push to Double Top?

By DaddySawbucks
Updated
The look and also feel of this latest weakness in price is very much like a fourth wave.
Shallow pullbacks and choppy PA.

This monster should sell in September, but an odd statistical curiosity is that most ATH occur in...
September, typically in the first week.

So the first few days of this new trading month could well be bullish. Notice the relative strength in RTY/RUT...
bullish on 9/01.

A run for 4600 is possible. Not sayin it will happen, but a blowoff top is characteristic.

September will surely bleed, but we bears should prepare for a last squeeze before the dam breaks.
Trade active
Yeah not lookin so bully but if 4500 holds this could still send. Sidelined atm.
Trade closed: stop reached
yeah it's done
Chart PatternsfifthwaveTechnical IndicatorsWave Analysis

Related publications

Disclaimer