S&P Overly Rosie Melt-Up Possibility
For those out there who dream of the Mythical Melt-Up, here you go.
With the FED printing to the moon, China rolling over and playing dead, this would be the count for the Final Melt-Up of wave-5 of Wave-III. So the thinking goes, we are doing a 50% retracement of the move up since December 24th as well as closing all the gaps in the S&P that have occurred since then. Then we start a powerful 3rd wave of the 5th of the IIIrd up to who knows, 3200+. The perpetually Perma-Bulls on CNBC and Avi Gilbert would approve.
Do I think this is going to happen? Nah, just blowing rainbows out my backside... ;]
With the FED printing to the moon, China rolling over and playing dead, this would be the count for the Final Melt-Up of wave-5 of Wave-III. So the thinking goes, we are doing a 50% retracement of the move up since December 24th as well as closing all the gaps in the S&P that have occurred since then. Then we start a powerful 3rd wave of the 5th of the IIIrd up to who knows, 3200+. The perpetually Perma-Bulls on CNBC and Avi Gilbert would approve.
Do I think this is going to happen? Nah, just blowing rainbows out my backside... ;]
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.