Posted this wedge idea on my twitter yesterday. Normally I focus on horizontals but couldn't help noticing the textbook nature of this descending broadening wedge.
Eyeing a pullback to possible low 6.2's, any further and I'd be concerned of giving back too much of this recent up move.
Also marked are when the pumps started for the CBOE futures expiry and how they typically coincide with a run up.
A similar 20% move could take it to 7.2k. It could also be just a dcb before true capitulation.
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Eyeing a pullback to possible low 6.2's, any further and I'd be concerned of giving back too much of this recent up move.
Also marked are when the pumps started for the CBOE futures expiry and how they typically coincide with a run up.
A similar 20% move could take it to 7.2k. It could also be just a dcb before true capitulation.
Like, Share, Follow. Peace!