Nasdaq top

Looks like I was wrong about the upward blast - this is why I trade penny stocks and not the ES, LOL!

What do you say, ET'ers, will it break the neckline or put in a right shoulder first?
 
Need a couple weeks for this to stabilize.

Not swinging any longs for a while. Market crash risk is pretty high these next couple months. About 60%+ by my estimate.

However, even if we crash, we will recover back to these price levels again. Pattern is kinda identical to mid 2007, except slightly more bullish.
 
Bull markets like these are kind of ridiculous... They generally maintain a 99%+ probability of prices testing higher levels than the previous eight months over each two months... Until they eventually break!

Eg... You have a 99%+ chance of losing if you short at six month average prices(Where the nasdaq was) holding for a couple months with a stop of like 1/4th ATR.

Stops that tight are unrealistic, just making a statistical point...


Yeah, pretty muh
 
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