Cusp of Collapse or New ATH?
I don't have a crystal ball, but I am alert to the vulnerability of this market. Small Caps are not following Big Caps up. Breadth is woefully anemic. Sentiment is--as always--delusionally bullish. That the FED is losing credibility by the minute, that earnings are punk, that deflation is knocking on our door--none of that matters. Only free money still talks. But for how long?
Chart-wise, the bulls still have options--technically, they are walking in muck--up to their knees. GL
Chart-wise, the bulls still have options--technically, they are walking in muck--up to their knees. GL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.