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That is a chart that looks like it wants to go down.
That’s an ascending triangle… aren’t they supposed to break to the flat side, in this case the up side? I don’t chart so I don’t know. I will keep waiting for a cycle low.
Remember when the market crashed in 2008, there were some huge rallies on the way down that squeezed out the shorts. A market like this, even if corrects, will not make it easy for the shorts. Hence, don’t expect a waterfall candle pattern, but a lots of counter moves. My call is Monday will be red. A rally on Friday gave three for the price of one to keep the bulls complacent. Monday will shake them up again!
Gary, how long can they keep this up? Will we ever see a “normal” correction?
They have been stretching the cycles for a couple of years now but we always do eventually get a correction
I give it 2 more months, if S&P500 doesn’t break out in May alarm bells will start ringing. I think TPTB is happy with the amount of people participating in stox and they are ready to be fleeced