Social sentiment is soooo bullish. Its almost time. This is a classic setup, it would have already dropped but someone is in a fairly large short so they need to be eaten first before.
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Timing/idea is a bit off, but general target idea still in play for me. Right now some folks are throwing in heavy shorts thats whats causing the wave extension further.. When the shorts stop throwing in, thats it.
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The chopping continued over the weekend because people were gambly with high leverage shorts. They have slowed with that tactic so, coming down slowly. Time to start tapping spot position stops.
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The high leverage big money shorts that were trying to get a position in backed off, this is why we are now able to get the downside. I think this continues.
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Beautiful.
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