Retracement Rally to Elections?
Sold pretty hard this week leading up to and after the FOMC. Getting some green in ES1 at these relative lows.
Expect a retracement of at least .38, perhaps .50 Fibo. Given sentiment .62 is possible but unlikely IMO.
Selloff likely to continue after a ~50% rally of 80-100 pips. Room below for more oversold. Lines mark S/R.
Cannot say whether this is B wave in ABC or a 2 of impulsive move down. Watch and wait to see.
Expect a retracement of at least .38, perhaps .50 Fibo. Given sentiment .62 is possible but unlikely IMO.
Selloff likely to continue after a ~50% rally of 80-100 pips. Room below for more oversold. Lines mark S/R.
Cannot say whether this is B wave in ABC or a 2 of impulsive move down. Watch and wait to see.
Note
Mad mad mad mad day. Cramer is pulling his last hairs out.Did not see the massive sellback comin. Caught part of the EOD lift. Just nuts!
Probly more selling Monday. NB: VIX ~25, if you tried to play VIX etfs disappointing all year. They only work in crashes.
Note
Look back at 2000 dotcom crash. Was a slow-motion wreck, agonizing. Nov 01 looks lot like Nov 22.Note
Filled in another chart. Get ready.Note
Looks like we topped. Confirm soon.
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