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... ;]
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.