Ngoldy retweetledi
Ngoldy
8K posts

Ngoldy retweetledi
Ngoldy retweetledi
Ngoldy retweetledi
Ngoldy retweetledi
Ngoldy retweetledi

The potential bearish sequence from Monday night's plan into Tuesday still has room to complete. Buyers have thus far prevented completion of but have not negated the sequence. I do love trading Thursday's and I tend to think we see a fairly large move one direction, and then a fairly large move in the opposite direction tomorrow.

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Ngoldy retweetledi
Ngoldy retweetledi
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Haven’t seen anything of the sort have we?
Multi-day balance formed Friday through Wednesday then look below and fail yesterday into today’s apparent upside break.
Sustaining this upside break will be important and there is reason to believe it may not.
At this point, until this range is completely given back and flipped to resistance, dips will be bought. HAGW

PharmD_KS@PharmD_KS
Threw together a relatively short video on what a top (swing high) would ideally look like, along with illustrating the risks of shorting a sustained multi-month breakout. Pre-requisite recommended reading would be the 5-part series in highlights tab
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Ngoldy retweetledi
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$QQQ We are not at the top yet
But we are in Wave 5
Theory:
Wave 2 - pulls back to the 0.618 Fib ✅
Wave 4 - pulls back to the 0.38 Fib ✅
Wave 1 & Wave 5 are typically the same length.
This is not a maybe or this time it's different scenario
This is happening and it's perfect.
ABC correction will happen when Wave 5 completes and it is looking like it will happen before the Mid Terms start.

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Ngoldy retweetledi
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$SPY for tomorrow showing major exposure at 701, currently at 712.06.
With that said, $SPX for tomorrow shows major exposure at 7200.
Hard to make a uni-directional prediction from here, the best we can do is stay open to both outcomes and trade accordingly.
Sometimes, the best trade is no trade, but being aware of the possibilities will help us manage risk, and understand how we can prepare for the future.
713 will be a tough wall on $SPY for today.


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