RISK worth taking? Yes. Risk:Reward ratio 1:8 minm. Insurance: Where wrong? See below If Dow Jones exceeds Feb 27 high (25800.35) SPX exceeds March 13 high (2801.9) Trans is a wild card, horizontal resistance top exceeded today. But a triangle in the middle portion would fit in nicely Nas can exceed March 13 top without Call being changed as the pattern becomes a penultimate wave
QQQ on 1H: S @ $159 just plugged in few mins ago, but waiting for real-time sideways pattern to complete and take out minor top at 170.82. Then S entry will be raised to 166.71
What is the general prevailing Sentiment of the Investing/Trading collective? Booming economy Stocks to close at 2-month high as investors express trade-war relief Today’s 300+ points DJI ongoing rally fires up the crowd even more Volatility shunted back into the basement meaning Investors have let their guard down so much that they are in Absolute peace and tranquility.
If volatility goes lower and takes out 8.56 Earth will become the most complacent planet. Even God might move here. There will be no more wars or bankster shenanigans. Wall Street will become a church for the suits Perfect environment for the lone ranger aka Contrarian. A contrarian’s paradise like this one came only 5 times since the 1700s Stop protects if wrong Good luck
%% COULD BE A SELL IN may, hey; more likely a pause in a strong uptrend. NOT a prediction. Expect more of a roller coaster than 2017.