Three Drives End Game: Three Bears' Correction: Papa Incoming!

Chart says all. June gave us a Baby Bear; Sep/Oct the Mama; and Big Daddy Papa Bear is waking up soon IMO.

Expect Strong support around 3400. This is a guess; as the bubble expands, price correction magnitude increases.

Geometric modeling projections shown estimated length and price based on extension from Baby > Mama > Papa.

Third Drive near completion IMO; 72 days' projection based on extrapolated duration of last two corrections > ~13 Jan.
3861 price is a guess, just a squeak above Fri 1/8 close... probly close to rollover atm, VIX stays up at ATH...

Soon... a few days, weeks at most IMO. NB: See RSI weakening, MFI diminishing... volume diverging as well...

This is nothing more than an educated WAG, not investing advice; trade at your own risk, GLTA!

Transaction en cours:

Thanks much for the many positive comments! I am short four major indices. GLTA!

Commentaire:

Closed half pos on the EOD sell; good chance it could bounce to cover IMO. Now in Feb $11 UVXY calls.

Transaction en cours:

Added spreads in AM and closed on the PM sell; look for a weak bounce Weds to add more IMO

Commentaire:

Can't emphasize strongly enough how shorting too soon just kills you, look in comments at idea I linked, if we get a blowoff RSI will go extreme oversold as the signal we saw in previous tops, it's channeling atm IMO

Commentaire:

Like I said, don't be tooo eager to jump in shorts, lol. Meltup still got a leg left in it IMO. Blowing off NQ, Robinhood Mania.