3350 is going to be a .5 retrace of this move we are in. It will be around the weekly and/or monthly open (this friday to sunday). If the 4 hour RSI is around 70 when it happens like I anticipate... i'm quite confident it will be a great short. Hidden bearish divergences are happening on the 4 hour as we speak, which means a reversal is imminent. It doesn't mean the reversal happens right now, though. But soon.
Not sure how far down it will go yet. Probably at least down to 2k during october. 2k would be a 35% short.
Not sure how far down it will go yet. Probably at least down to 2k during october. 2k would be a 35% short.