Long term $BPSPX, very close to do or die for da bulls. if the dip buyers don't step in the next week or so it will get nasty very soon. again this is very long term on my view. maybe another week of down before it's really oversold. chow time. peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
4th push as expected (and as always, this bull will grab any chance to buy dip).
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bears be careful, should be a pullback around here. if not, instead it's a consolidation then game over for bears for today.
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I don't have the ability to do any charts right now, but if you look at the QQQ's into the low on Oct 2nd, you can see 5 waves down, so since price has retraced this far from the bounce we got, most likely see a lower low than Oct 2nd low...abc down from the high on 9/18.....5 waves down for "a" into Oct 2nd, bounce into "b" Oct 6th, now in "c" wave down....
TraderGirl wrote:I don't have the ability to do any charts right now, but if you look at the QQQ's into the low on Oct 2nd, you can see 5 waves down, so since price has retraced this far from the bounce we got, most likely see a lower low than Oct 2nd low...abc down from the high on 9/18.....5 waves down for "a" into Oct 2nd, bounce into "b" Oct 6th, now in "c" wave down....
Thanks TraderGirl. Do you currently see this mornings up move as wave 4 of the decline from the sixth?
ascending triangle target. I warned you. usually bulls get what they wish.
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