Double top target. I don't dare to believe 100% target though.
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Tons of resistance on all kinds of charts (60 min, daily, weekly) at 1840/50, but if I focus on this 30 min and look at the intraday Bullish Percentages I see that an attempt to break out to the upside is the cards. Not sure if it's going to be a futile breakout, but I believe the bulls will give it a try
PS: Am I the only guy who's got problems with this this website today? I keep on getting pushed out
forget about double top, it's back to consolidation range so bias is up.
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vol surge, hopefully it means pullback. wait. overall, consolidation favors bulls.
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Boy, this one could not have been more perfect....
Back in December, I proposed that there were 5 waves down for UCO for "A", and on the retrace there were 5 waves up for "a", so we could see another wave up to "c" and "B", then head down to a lower low than "A" to get a "C" wave.... then head back up to fill the unfilled gap....that is the EXACT path, and where price is headed now...
MORE SOROS:
paststat posted this yesterday: “SoRoS fund 13F put activity and next 3 month returns”
I don’t know how to read this properly yet. I think the far right column indicates the “next 3 months returns %” on SPY, but I’m not positive.
I did notice that his $1.3billion in puts represented 11% of his total portfolio
[Caveat: we don’t know from his Friday’s 13F filing if/when he closed these puts, or if they are still open, so this is just an exercise in whale watching.] http://paststat.com/blog/soros-fund-13f ... h-returns/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.