This is the work that allows arbitrageurs to capitalize all throughout the market.
If you weren't keeping up with where every moving part of the market is operating ... you'd be out gamed.
Could you have capitalized on SQQQ at 8.79?
Certainly. But here comes the breakdown.
@Barnsty_ Nice. Wave structure suggests drop to 5298 next which is what you have as well at 50% fib. Do you have any idea of timing of that level based on the channel?
@Barnsty_ Yes and you could very well be right. If the past is any guide, we could see a flush to 5290/5300 and immediate recovery to close above 5420. Japan was really ugly yesterday.