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... ;]
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.