Those who have followed my last posts on shorting hopefully have made some $$. We have had 4 great swing days down. Tomorrow let's swing our partner back up after that 4-day dip.
We should bounce tomorrow and start climbing to achieve our next high around 121 to complete wave 5. Divergence on price and rsi with charts lining up perfectly to support our next high. Catalyst will most likely be approval of Government stimulus or decrease of long-term Treasury yields that will give it enough of a push to the next high around 121 before plunging to new lows. This could be a slow up and down climb that could take the majority of the year before we crash!!!
This is NOT investment advice. Please do your own due diligence!! Questions or comments welcome.
We should bounce tomorrow and start climbing to achieve our next high around 121 to complete wave 5. Divergence on price and rsi with charts lining up perfectly to support our next high. Catalyst will most likely be approval of Government stimulus or decrease of long-term Treasury yields that will give it enough of a push to the next high around 121 before plunging to new lows. This could be a slow up and down climb that could take the majority of the year before we crash!!!
This is NOT investment advice. Please do your own due diligence!! Questions or comments welcome.