The strength of this move upward will take us a bit further this time. In short order we will touch 38.6 before moving back down, again. I was waiting to reach that target weeks ago and instead we created a . That’s okay, the king is running out of moves to be tricky and with the time constraints we have for this double bubble scenario I feel like I finally have him dead to rights.
Right now we are way overbought on all the ltfs, yet we could squeeze up just a bit further. If we continue blasting and reach over 35 I may take a short position for a day or two; secondly I will be looking for a long entry on the B pullback of this move. Thirdly I am taking the cursed short position all the way down to around 24 once and for all and FINALLY I am longing the blank out of EVERYTHING from that point until the end of the year.
Still figuring out what the top equation is going to look like, for now we’ll just play the weekly and intraday moves until we erupt out of this range once and for all.
Right now I’m feeling disappointed in myself for not seeing this coming. I appreciate any input you may wish to give.