C&H ought to move down soon from overbought to form Handle.
This rally may be a first wave in an impulsive move higher, if so a 2nd wave retracement soon.
This rally may be a first wave in an impulsive move higher, if so a 2nd wave retracement soon.
Note
Bear flag broke down; going ITMTrade active
Shorted QQQ, SPY near HOTDNote
Gap from Monday 9/28 to be filled...Trade active
Closed out intraday on the strong sell after 2PM; Take What the Market Gives You!Note
TBVH need to tread with caution here now, expect consolidation followed by breakout resolution, within a week or two at most; IMO will get Bullish in October:marketwatch.com/story/what-history-says-tends-to-happen-after-the-u-s-stock-market-logs-ugly-september-losses-11601498299?mod=mw_latestnews
NQ on average gains 4% in October after losing >5% in September...!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.