Well we talked about hitting this level in our last post and the target was hit, again I'm only looking for short positions. (Below 200 ema)
Currently we are overbought on the MFI and if u look back this has marked a good opportunity to short the market.
TSV started showing bearish divergence
ADX validated the trend. Which is bullish but still a little early to confirm
Currently I'm seeing a bear flag unfolding and I have the target on the chart.
Bullish scenario here is that we created a wave 1 and 2 and target being the $24 range.
I don't see this playing out unless the cpi data comes in better than expected on Thursday.
I also listed the sub wave count for this last leg down
Do yall like the daily updated or should I just update the previous ones?
If yall have a different opinion I would love to hear it
thanks
god bless
Currently we are overbought on the MFI and if u look back this has marked a good opportunity to short the market.
TSV started showing bearish divergence
ADX validated the trend. Which is bullish but still a little early to confirm
Currently I'm seeing a bear flag unfolding and I have the target on the chart.
Bullish scenario here is that we created a wave 1 and 2 and target being the $24 range.
I don't see this playing out unless the cpi data comes in better than expected on Thursday.
I also listed the sub wave count for this last leg down
Do yall like the daily updated or should I just update the previous ones?
If yall have a different opinion I would love to hear it
thanks
god bless
Comment:
Im out of sqqq, i wanna be cash for CPI data report, im happy with 6%. If it goes in my favor i can always trade in that direction
Comment:
well we hit it
Comment:
alt scenario would be we are creating the wave 2 to the downside
Trade closed: target reached