US 30 Upside Explosion; Possible Ultimate ATH: 30K?

Just an idea. Not sayin' this is goin' down; maybe we already saw ATH today on 7/15. But, maybe a brief pullback to lower channel TL culminating on 7/23 will provoke a feeding frenzy coupled with FOMC rate cut to push the darn thing to 30K. Could easily rise another 6-8% in euphoria and carefree complacency that prevails atm.

If this plays out the subsequent selloff will be spectacular- at least 10k pips. Probably gonna see a day when it tanks off 2k in one session later this year or early next.

FGS trade carefully or just stay out and marvel at the insanity! I marked this idea as 'long' but I'm not betting on it just yet.
See if we get a sell to entry for the fifth of fifth of fifth of... whatever wave this is now. GLTA!

코멘트:

Looks like the Tri-Star is forming on third day, 7/17. This is a reliable Bear signal.

액티브 트레이드:

Seems to have support above the channel lower TL at 271. Closed the shorts and rolled into bull call spreads. Maybe too soon; but down three days, looks like it might pivot higher here. They are enthusiastic going to FOMC on 30/31 July and there is no fear in the market, they buy the dips like well-trained dogs.

SPY seems bullish and found support at 297.2 today. Bottom of channel at 296.5.

코멘트:

Pivoting off days lows around 296.8 SPY, 271 DIA. Not much downside left ATM IMO. Adding to bull spreads. BTFD will explode it IMO. Race ain't over yet; closed the AM gap; sold down to touch the channel TL. If it holds here = bullish!

코멘트:

Cup and handle forming intraday on SPY, Dow; less evident in NQ. Bullish! Held at first support.

코멘트:

Lifting but might still have selling unfinished. Modest bear trend should complete by 7/23. Expect rising into FOMC, than explosive exuberance. Do not be short in this!

코멘트:

RUT, DJT quite bullish! IMO it pivots. One Bull Run left in it?!

액티브 트레이드:

Called it spot on!

코멘트:

If we get the sale it will likely bounce real quick. 27089 Might be pivot, confirm Tues.

액티브 트레이드:

Flipped some calls for lunch money. Index has nicely filled in the graph curve, let's see if it holds, some big ERs coming this week, another MMM disappointment seems likely.

액티브 트레이드:

BTFD! MOON SHOT EXPECT 27817 ON WEDS 31 JULY!

코멘트:

Touched the TL in AM sell; gone long. GLTA!