Nasdaq
https://twitter.com/DizzleTheRizzle/status/1686769778747445249/photo/1
What’s the likelihood, via TA?
Something tells me that “they” are not done yet, there will be one more high.
GL
https://twitter.com/DizzleTheRizzle/status/1686769778747445249/photo/1
What’s the likelihood, via TA?
Something tells me that “they” are not done yet, there will be one more high.
GL
My advice? Get out while you still have time. This selloff will present a great buying opportunity later though so you can be ready for that. Its the real deal this time though so buckle up because she’s going down like a lead balloon.
What is interesting to me is how “they” have timed this to coincide with Trumps indictment and possible arrest. Afterwards it can all be blamed on the loss of confidence stemming from a political event. But don’t forget we just saw a Fitch credit downgrade. That was the Bat Signal to get out of the market. Trump is a timing issue to use for blame. Da boyz on the exchanges know their charts thats for sure. This decline was visible a long time ago already.
Getting out isn’t the issue. Its whether to get IN on the short side for some of us. And potentially in a big way.
No question at least one more high.
We’re asking if there will be two or more.
No question a swing move for bears. Smaller or larger?
If smaller, then a bigger (swing) correction will follow before too long.
And then still more new highs.
Right now, as I see it, its appetizer time for bears.
Main course still ahead.
If I see any compelling charts, I’ll post ’em.
But they won’t be standard T/A, but EW.
Only EW can hope to frame these questions tightly IMO.
Standard T/A does help to filter EW answers.
Which is how I conclude at least OMH.
DYODD and YMMV.