Leg C 337.73 requirement met (.786)
Leg D 378.49 active target (1.618)
The target appears exaggerated.
But we have extremely overvalued tech stocks chasing new highs with no end in sight regarding;
Fed Corporate Bond buying,
Inflation talk (first time I can recall),
No reports of REPO activity with recent healthy dip.
Origination 332.01 exceeded negates the study
GLTU!
Leg D 378.49 active target (1.618)
The target appears exaggerated.
But we have extremely overvalued tech stocks chasing new highs with no end in sight regarding;
Fed Corporate Bond buying,
Inflation talk (first time I can recall),
No reports of REPO activity with recent healthy dip.
Origination 332.01 exceeded negates the study
GLTU!
Trade closed: stop reached:
Closed, origination exceeded.
Interestingly 3300 held so well we are already back in 3400 range. Also a trend line from June held at that 3300 dip.
The current demarc is 3400 and next stop 3470 facing 3500plus.
I would expect price action in the 3400-3470 range if the asia session can keep it together. Other wise it could chase back down some.
Gltu!
Interestingly 3300 held so well we are already back in 3400 range. Also a trend line from June held at that 3300 dip.
The current demarc is 3400 and next stop 3470 facing 3500plus.
I would expect price action in the 3400-3470 range if the asia session can keep it together. Other wise it could chase back down some.
Gltu!