MELI reached B wave target. Potential 20% drop in next 4-6 weeks. Buying put options to capture the C -wave drop.
6 week trade: Expecting the C Wave to complete the 1.618 Fibonacci Extension to the downside. Stop sell set at high of 5/3 @ $514.
Will the next 30 years in US stock market be better, or worse, than the performance after Japan's bubble bursting?
SNOW testing the wedge support once again. Move up rejected at the VWAP from recent high.
Support at anchored VWAP from recent low and at bottom of wedge. Will stop out tomorrow if the support breaks.
