The bad news: Bear sighting!!! Looks like we are forming another hump top (?) and will be working on the back side over the labor day weekend +. This will break out of the bull trend lines and take us back bear for a little while. I don't have prices, but the general notion of where things are going is in the chart.
The good news: This will be fairly short lived with good bits of up in the wave pattern. A skilled trader can scalp the heck out of this thing. Then we can get back to the bull run. This will hopefully give us the momentum needed to break up and out of the descending wedge to wrap up this cycle and push us beyond the 200MA on the daily.
Just my idea. It's true, I am a "nobody." Trade wisely with your own research.
The good news: This will be fairly short lived with good bits of up in the wave pattern. A skilled trader can scalp the heck out of this thing. Then we can get back to the bull run. This will hopefully give us the momentum needed to break up and out of the descending wedge to wrap up this cycle and push us beyond the 200MA on the daily.
Just my idea. It's true, I am a "nobody." Trade wisely with your own research.
Price popped up. Idea cancelled.