mirhamedali - the other option is that wave C completed at
275.29 but that would need to be confirmed with an impulse down
taking out the prior lows. The big catalyst this week is the
CPI so later this week we should have a clearer picture.
Place your bets and that scenario you illustrated may well play out
into earnings later this month/early February with
cycles.
Bulls must hold the prior lows
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mirhamedali - the other option
QQQ looks like its setting a large H&S
Posted by steve on 10th of Jan 2023 at 05:41 pm
mirhamedali - the other option is that wave C completed at 275.29 but that would need to be confirmed with an impulse down taking out the prior lows. The big catalyst this week is the CPI so later this week we should have a clearer picture. Place your bets and that scenario you illustrated may well play out into earnings later this month/early February with cycles.
Bulls must hold the prior lows