Lumbering Giant
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FEEDI heard a fellow on the radio singing the praises of the U.S. growing
at a blistering 1.6% rate. I guess any news is good news in an election
year, right?
2022-08-16
NQ Drawing Visible on 1-Min Chart
My top drawing was a general drawing, it holds no specific value other than the right shoulder is near a 25-percent rally target for the NQ. I do think the market is topping out here and I suspect it could be the top-top because of how extreme the momentum readings became. As I said yesterday, as long as you're buying out into October you're in good shape. Now's the time to be picking up cheap puts.
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