Hello everyone! Today I want to share some technical analysis with you!
1.
The Freight Train is still charging forward: $S&P 500(.SPX)$
(1) I was wrong about the correction--still humming and churning.
(2) stopped out my short with loss--will control my itch of getting in, until the final target & turn date.
(3) notice that UVXY is rising too. Interesting.
2.
NDQ ATH at 16800: $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$
(1) for those who haven't noticed, NDQ--Nasdaq 100 just made an ATH td.
(2) quite a round-trip journey, taking exactly 2 years--you may call this Double-Top, or else.
(3) for EWT, the bearish count from Nov. 2021 is officially dead. DJI did this a few days ago.
3.
The Titanic Pattern: $DJIA(.DJI)$
(1) DJI's flying-higher, [quasi-erection] pattern reminds me of Titanic's "head's-up" posture before the eventual sinking, figuratively and literally.
(2) need to touch 38000 to keep a perfect equality, though. So, still have time and room to suck more in.
4.
Melt-up Comparison Update--waiting for the firework and a BIG GAP-UP. As I tweeted weeks ago, how will this blow-off top end? Well, "basically, the angle of the rise is getting steeper, until a big eruption and reversal"--most likely, on the same day. We all watch this movie now.
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