That could happen at the open tomorrow morning Amy as I’m expecting one more pop higher in the SPX before it rolls over. So maybe your 4.45 target is hit on FNMA around the same time the market tops and then it drops to fill that gap at 2.07 later this week while the SPX works on taking out the 1636 recent low.
That could happen at the open tomorrow morning Amy as I’m expecting one more pop higher in the SPX before it rolls over. So maybe your 4.45 target is hit on FNMA around the same time the market tops and then it drops to fill that gap at 2.07 later this week while the SPX works on taking out the 1636 recent low.
As expected R1=3.15 taken
R2 = 3.53 taken
R3 = 4.45 inplay
Gap needs to fill at 2.07. IMO Expected by this Friday
The close today +1.11 (37.37%) is a ritual number.
As expected R1=3.15 taken
R2 = 3.53 taken
R3 = 4.45 inplay
Gap needs to fill at 2.07. IMO Expected by this Friday
The close today +1.11 (37.37%) is a ritual number.
Looks like a wave 3 gap up open this morning and a wave 4 down right now. Only wave 5 up tomorrow is left to complete this 5 wave pattern. The high tomorrow should NOT take out the high from the 22nd to be accurate. I’ll be looking to short in the morning should the market get up closer to that prior high and complete this pattern.
Amy, I never received an email from you with the FP screenshot. But I wouldn’t expect too much from it right now. Some of my FP’s are 2-3 years old so you can’t trade off them. Just look for that area to be a target once we start selling off.
That could happen at the open tomorrow morning Amy as I’m expecting one more pop higher in the SPX before it rolls over. So maybe your 4.45 target is hit on FNMA around the same time the market tops and then it drops to fill that gap at 2.07 later this week while the SPX works on taking out the 1636 recent low.
That could happen at the open tomorrow morning Amy as I’m expecting one more pop higher in the SPX before it rolls over. So maybe your 4.45 target is hit on FNMA around the same time the market tops and then it drops to fill that gap at 2.07 later this week while the SPX works on taking out the 1636 recent low.
FNMA update:
As expected R1=3.15 taken
R2 = 3.53 taken
R3 = 4.45 inplay
Gap needs to fill at 2.07. IMO Expected by this Friday
The close today +1.11 (37.37%) is a ritual number.
FNMA update:
As expected R1=3.15 taken
R2 = 3.53 taken
R3 = 4.45 inplay
Gap needs to fill at 2.07. IMO Expected by this Friday
The close today +1.11 (37.37%) is a ritual number.
Looks like a wave 3 gap up open this morning and a wave 4 down right now. Only wave 5 up tomorrow is left to complete this 5 wave pattern. The high tomorrow should NOT take out the high from the 22nd to be accurate. I’ll be looking to short in the morning should the market get up closer to that prior high and complete this pattern.
Gold Ascending Triangle pattern: http://niftychartsandpatterns.blogspot.in/2013/05/gold-ascending-triangle-pattern.html
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Amy, I never received an email from you with the FP screenshot. But I wouldn’t expect too much from it right now. Some of my FP’s are 2-3 years old so you can’t trade off them. Just look for that area to be a target once we start selling off.