Bull party while exciting may be short lived. At least needs to consolidate.
If you caught the position good for you
Hence the big Monday reversal in equities.
Bear Nado (lots of VXX sellers out there) and equity bulls unless some geo political scenario hits the wires.
Unless it breaks looks like same pattern as SPY going into ECB.
Get long before the Central bank Madness.
If the VXX stays below 27.40 we have a short term sell, but this would only be a basing pattern.
Butterfly Top, three failed attempts to hold above round number 10,000
Just a recap of the last few months The continuation rally from the Feb rally. The monthly pivots are key levels.
I took a look at the prior pattern where they ran all the stops. Thinking this long wave 3 rally is coming to and end..
Major top after 5 years...stop is only a few points.
Possible Bearish Gartley setting up with Good Risk to Reward.