Sonny

My fear with WGMI is that the move up in June and July was an extended 5th... if that's the case the resulting retracement could be devastating!

it's a long way down to the golden pocket and considering I'm expecting a massive drop in HYG + IWM this could be an absolute bloodbath

If you're in profit couldn't hurt paying yourself a little...

I think we're about to see a pretty devastating shakeout on the Nasdaq given the dynamics I described in the chat, probably into the OPEX window of weakness and this could evolve really fast.

I think Friday will be the day to buy and start picking up the pieces of the wreckage

As an aside, my Quasi Ignition Model continues to blow me away. Now I'm seeing how amazing this is as a system and how it enhances EW trading - I'm going to start respecting the process a lot more going forward. You can see how it perfectly interacted with orange and green levels this morning. On the LTF the interaction was exact, quite incredible.

I will share the details of the system if people are interested. I've just been observing it since creating it last month to see how it works in real time. But it looks like the real deal!

Bitcoin dominance update

I've revised the EW count, the pullback over the coming days will be the prime opportunity to long altcoins just before they go parabolic!

Look for a retest of 61%