Symbols!
Symbols!
Let’s look at some overbought victims:
LEAP seems to be forming a running triangle (in EWT speak) – let’s see if it can make it down all the way to 12 by July, as promised. I would however set a generous stop as e waves can form a throw over plus things are a bit crazy right now.
Call me ICE-Man 😉
I think we may see a little overthrow in BGU – no rush in grabbing any puts or short positions. If you jump in here allow for a generous stop per the Top Gun market analogy above.
I think DRE is going to fake everyone out. Everyone is going to expect a reversal right here. Not so sure about that. I think the odds would be a lot better at 14 – maybe even 14.25. So I suggest you wait for that and then go short.
You can live dangerously and short EOG now or wait for 115 as I see two separate energy lines here. Whatever you do – set a stop above 115. Again, remember – it’s Top Gun time – things can and will go crazy, especially during OPX. FWIW – this thing has officially gone exponential (yes, that’s the word – parabolic is mathematically incorrect).
Cheers,
Mole
