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USDKRW: the Korean Won has strengthened and is now testing the long term trendline in the 1100 area…
NYSE: zooming in on the NYA chart shows the potential rising wedge to perhaps 14,150 where C=A. Looking to go short there.
TSLA: as expected TSLA is shooting higher as prices are marked up ahead of the SPX listing. My feeling here is that this is a ‘better to travel’ situation and will be a likely short once it hits the S&P 500 in December.
NYSE: on the NYA daily chart we can see the potential for a rising wedge to complete an abc up. If it happens (no guarantee) this will complete a ‘three’.
Target for a correction is the support line and gap fill.
NYSE: the NYA is having another try at my target area. It might be trying for a rising wedge thing.
The targets haven’t changed:
14,076 (for a five)
14,150 (three)
14,477 (three)
I’d really like to see one of the ‘three’ targets hit because that would tie in very nicely with a big rising wedge for ‘big C’.
