You down with ABC? Yeah, you know me!

2022年7月14日

OK, this is a possibility to be aware of. We still could come down to 3700 or lower tomorrow, but if they rally from anywhere around here (or there), there is a chance we get a sudden C wave up for a few weeks. Sentiment surveys on CNBC have never been more bearish, so there's that - but regardless, the pattern looks correct as of now.

So there it is - it may not work out, but I'm putting it up as a distinct possibility. I'm not long, but did hedge this morning. I'll shed shorts if we start getting over 3800 again.

If true, C should get to around 4100 resistance area.

2022年7月14日

註釋

.382 fib of recent downmove reached. Could be a turn to more downside, I'm not sure. Be careful.

2022年7月14日

註釋

qqq rejection from important fib zone (so far) again, be careful

2022年7月15日

註釋

they are struggling with this trendline, above is bullish but rejection is bearish. 830 more economic data

2022年7月15日

註釋

so far so good, we're at the median line for the daily Bollinger band, which is a resistance area. watching the open.