Watching for intraday reversal blowoff top to 272.50 - 274 on Monday here to complete the inv H&S pattern and retest the double top. A reversal followed by a close below 271.50 would absolutely confirm the theory. A close above 275 would invalidate it.
PT is 250 at the .618 retrace by possibly as soon as the following Monday. Fundamentals are based on the Fed tanking the markets this Tues/Wed as expectations for a rate cut are severely dashed. Almost all daily momentum indicators are showing bearish divergence so if not this week then just a matter of time. I think this stock will hit 250 before Aug opex.
PT is 250 at the .618 retrace by possibly as soon as the following Monday. Fundamentals are based on the Fed tanking the markets this Tues/Wed as expectations for a rate cut are severely dashed. Almost all daily momentum indicators are showing bearish divergence so if not this week then just a matter of time. I think this stock will hit 250 before Aug opex.
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