Current Patterns
Updated
After trianlge completes, look for another corrective structure. If the corrective structure is down, then this means the trend is still up. The corrective structure will probably last only 3 to 5 days.
I think the Market is over-valued. I'm on HOLD for this market, until I see prices return to reasonable values.
I think the Market is over-valued. I'm on HOLD for this market, until I see prices return to reasonable values.
Note
"Corrective structure is down" means bull flag. A-B-C-D, where A is up. BC is down, and CD is up.I'm hoping the 200 moving average smooths out all this "non-sense" and provides a long-term direction to this market. Too many impulses lately, to make sense. I realize its all about interest rates and bond prices.
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