MrSparkles

MrSparkles

ascending wedge for almost 12 months now. will brake two the upside son. market makers just stalling indexes to mess with retail folk, including me. upper BB on weekly capping action, upper BB on monthly curling up. only a matter of time before it ramps and touches highs from 2008,2020.

MrSparkles

VIX forming an ascending triangle over the last year. Eventually this thing will break. Maybe to the downside but it's hard to believe. IMF going to downgrade global growth projection for 4th time next week and CPI gets released as well. Gas kept rising and is $7 gallon in CA even though oil was getting hit before OPEC decided to do some cuts. Hard to believe...

MrSparkles

Waiting to see the the secondary trend breaks. If the market makers stall this thing and the wedge fills out and drops, I see 320 at the bottom of the primary channel. This is 61% retracement off Covid lows. If the market makers let if stall that long to kill the puts, the drop will be violent and bottom will be in sometime in November if all lines up.

MrSparkles

once stochs rolls over and brakes wedge we shud see sum downside. til then just bein patient.