UPDATE Sept 19
A super quick update.
Bad things approach.
I look for a push towards 15,550 which was the consolidation level you can see with the 2 bars at the very left of the chart. At that point I expect down. Price could swing wildly tomorrow at FOMC rate decision and then the FED statements and then Powells press conference. That's a lot of opportunities for the market to collect your money. After the FOMC business is the "Continuing Resolution" vote on Friday to decide if we continue to fund a bankrupt system or not.
I expect a push towards 373-374. And then a drop. QQQ could get as high as 377-379 range, but i wouldn't expect much higher than that. Overall, I'm looking for under 350 closer to 330. Possibly by October. I don't like anything here. I believe we will see a sell everything day, or a few of them. Energy looks toppy. But I want to buy that bottom.
Uranium is still my favorite, but it's due for a pullback as well. Nothing goes up forever 😂 And I definitely want uranium on any pullback. We should run up to near 28.30 (previous high) before a pullback. That would start to create the cup and handle to continue to move up.
I have I post with commodities coming up. I hope to get it out soon.
Be Safe, Be Careful, Be Wise
and as always
Good Luck
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Revelation 6 : Where have you been, I missed you and your writing. No joke.