All in the video, a correction is likely but I don't think we crash. Final targets are still 4600+ for this particular rally. IWM and DJT caps will likely get heavily bid into the end of the year while SPX and QQQ take a breather. OIL downtrend continues, needs to get over 80 for any kind of reversal to take place. Gold could be in a Wyckoff distribution here, I'm not sure - but RSI is telling me to be cautious and expect a pullback. Yields should go higher as the stock market corrects.
Good luck!
Good luck!
Nota
every day until Friday are important numbers at 830 am us.econoday.com/Nota
weak close, the daily 18 ma is 4540, so if they gap under that tomorrow it will likely be resistance. hard to tell from the RSI here what is going to happen, but a sell off for a few days to a week may occur. It could also be the top for the year. Very few are thinking that at this point (myself included) so I have to keep it in mind. Nota
see thursday's listings us.econoday.com/Nota
with the spy rsi like this i think we will ramp up tomorrow after 830 numbers. A quick spike through 460 should reset the rsi enough with more bear divergence and take out the majority of stops above the previous highs. Once (IF) we get there I think it's ideal short entry, at least much less risky than here.
Nota
ok so we're getting "something" like what I expected - higher to 4600 area and then a rug pull, but I can't tell if it's done going higher or not. RSI is reset but is it enough? on 4 hr time frame it can go higher but on smaller time frames, it's enough. Difficult to tell. Back under 4570 and i'ts definitely bearish.Pubblicazioni correlate
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