that tgt was simply width of triangle - then tack value onto breakout....you know the basics we all learn in our first year then forget and re-member later 10 pts added to 65=75
3085 looks ripe to short atm. Edit.... ahhhh.... it'll spike before it drops. Use 3093. Edit 2... 3094.25
Didn't have a downside target to offer up really, just knew it would be lower by morning. I penciled in that 3093-3094.25 as the top on a spike. Looks like it went down first from my 3085, but sure enough, up it went to 3093 and change. That was the place to put the order. But ya never know, news could have broke... Europe cures Covid... and it would have been a losing trade, depending on your stop. As it stands, the pencil was good for 27 points as I type. Typical night where a sell-off is in the air, but there's nothing but light volume. Retail players get churned by the computers that have all the #'s and know how to trigger those stops, long and short.
I am watching for futures to go red to green, and cash may open flat to positive with a big rally to follow. I would not be surprised to see the the spooz go out at the ATH as soon as tomorrow.
Melt up in form of a Sloooow grinding rising wedge... I`ll take some of those filthy whippy bars over this... I`m thru scalping/ selling the lifts here unless I get a cherry...