trend... .... still thinking that we are not in a bear trend until we complete a 5th wave down which takes out the low..... ....if we don't take it out.... then we could be beginning the 3rd wave up of the next 5 waves..... ... we are mirroring the last big correction in that we completed a 3 wave down... then reached overbought condition and pulled back before possibly beginning an extended up move. ....gonna post RSI charts which i think support the up trend view. ....so unless we take out the low....the 3rd wave is always the biggest. respect.....
Is this now AB=CD=EF? I'm not in a trade but I'd be looking for a couple points under that 1456 since the pattern is clear now and I'd be afraid of other front-running sellers... thats just me though.
I suspect you're right. It feels like this bull is running out of gas. I'm spring-loaded to stop-and-reverse any moment now.
Amazing! Didn't think it could do it, but my target of 14656.50 was hit, filled, and overshot by 3 ticks (so far). Bulls, I'm impressed! I am flat, gasping for breath after that magnificent rally, and trying to sort things out. I'm thinking I might just quit while I'm ahead. Saliva, is your short still alive? I'm still betting we just saw the top for awhile. (Well, I'm not actually betting...I'm now flat.)