We've had a lot of symmetry forming this long-term cup. Hopefully it becomes a cup and handle and we're all happy.
Bulls enjoy euphoria of long-term ~to the moon~ mentality on the back end, and Michael Burry exits his short at the bottom of the handle ($340-360?).
Once we double top at $400 and complete the cup, we can get back to our long-term trendlines of support and resistance. The same once's we've had since 2009. I'm looking forward to the days of stability once again. Let's just hope it doesn't become a triple top once the FED starts loosening again.
Bulls enjoy euphoria of long-term ~to the moon~ mentality on the back end, and Michael Burry exits his short at the bottom of the handle ($340-360?).
Once we double top at $400 and complete the cup, we can get back to our long-term trendlines of support and resistance. The same once's we've had since 2009. I'm looking forward to the days of stability once again. Let's just hope it doesn't become a triple top once the FED starts loosening again.