Original target of 13300 remains as there is a fair amount of confluence there from various time frames, etc. Will have to see how price reacts to that area if we get there.
I will be looking for a long swing trade somewhere there.
Original target of 13300 remains as there is a fair amount of confluence there from various time frames, etc. Will have to see how price reacts to that area if we get there.
DAX looking sick too, time toperhaps 1k haircut.
I can almost sense the chills down the backs of some managers looking at this, the signal is strong and there's confluence between few important indexes.
Very orderly decline so far, perhaps S&P putting in also a potential double top would help accelerate momentum, 13700 first obvious support, but I have a feeling, totally biasedthat it's heading towards the weekly 20 SMA 13300. I'd like to flip for long trade there.[/QUOTE
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True but SQQQ is doing so much better than SPY,TQQQ, dont want any more longs here.....................................................................................................................
Original target of 13300 remains as there is a fair amount of confluence there from various time frames, etc. Will have to see how price reacts to that area if we get there.
I will be looking for a long swing trade somewhere there.
Hilarious how quickly these short macro trend callers cover their "shorts".
