Stonks at 0.786 Fib Retracement, What next?!

That was a mad dash. Look we got a right shoulder overnight. Will the march continue? Or turn south again? Be wary at this Fibo, often a pivot!

Anybody's guess. If the path leads further down will head much lower IMO. If euphoria continues a measured move goes to ~4842 (linked idea)

Just sayin, a pullback is likely here, could develop into another cascade if price support breaks. FOMC NEXT WEEK! GLTA!!

تم فتح الصفقة:

Narrow range trading, flipped calls off the lows and puts off the highs, back in cash. Thursdays tend to be weak after a 3-day rally, but hate guessing on tomorrow's opening price, could still pop higher first then sell IMO

تعليق:

Could not resist, took a bear spread on EOD rally, ten QQQ 399P 15 Dec short Fri 393Ps, net debit 3.51

تم حذف الأمر:

Bah closed for a push got silly bullish again, stay safe!

تعليق:

Hugging the retracement zone, is it expanding flat? That gap is calling, break below 4650 would probably accelerate IMO