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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.750-6.6%2:53 PM EST
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To: POKERSAM who wrote (3861)8/16/2024 11:46:35 AM
From: Bull RidaH2 Recommendations

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yard_man

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I've got NVDA going to the 135 area minimum on a trend based fib extension move, with valid bigger picture targets still active at 153. If that supercap rises 10% from here... will surely pull some of the others (APPL & MSFT) a few percent with it. SPX is only a 2.6% rise from new highs, and the invalidation of a current wave 2 bounce thesis.

What we both CAN agree on is VERY LITTLE headroom UP from here. Don't have SPX going above 5770 or so before the final high comes in, and C down, in the ABC Super Cycle Corrective, which began from the Sept 2021 highs, takes over. Expecting the final high to come in before the end of September, which means the pain of new highs is ALMOST over for the bears.
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