Nearing the Top
Looking for a potential short opportunity.
I think my count is sound, but there is a chance we could rally once more.
If we do rally again though, I'm gonna buy a lot of puts on this thing.
We've got decreasing volume into the last uptrend, and divergences building on the RSI.
I'm waiting for the white horizontal support line to be broken before I enter into anything, or for that one last rally.
Either way it seems a top is coming soon.
Maybe Tuesday after the Fed cuts rates again? Who knows.
I think my count is sound, but there is a chance we could rally once more.
If we do rally again though, I'm gonna buy a lot of puts on this thing.
We've got decreasing volume into the last uptrend, and divergences building on the RSI.
I'm waiting for the white horizontal support line to be broken before I enter into anything, or for that one last rally.
Either way it seems a top is coming soon.
Maybe Tuesday after the Fed cuts rates again? Who knows.
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