August PredictionJuly is now behind us, I shift my focus to August levels.
Short Squeeze I pointed out in last months ideas played out nearly exactly as I predicted.
We're now sitting above the Upper BB with not a lot of room to test the upper 2022 trend channel and the forever infamous 420.69.
I swear some deep pocket whale like Elon has his algos pinned to 420.69
Weekly distributions still remain leptokurtic in 2022.
Leptokurtic
Leptokurtic VS Blow Off TopI don't try to take any credit for my posts because I'm honest, I let other people do the smart work.
I usually have a good sense for which Finwit account is real and which is full of ... hot air.
I've been vocal about this fintwit celeb in the past and believe his word over any other.
He stopped tweeting levels because he was gaining oracle status among his followers.
He believes we are entering a Leptokurtic phase of the stock market.
Another term he used in the past was a blow-off top.
As the fed tries to wean her kids off the overdose of liquidity in derivatives over the past 2 years.
We may see more parabolic moves up, which would result in an equal and volatile move back down.
A liquidity crisis. Blow-off top. I call it the conehead Head and Shoulders.
The more I study, the more it feels like an unstoppable train has left the station and nobody seems to be driving.