Just an analysis I wanna remember
The market is wonky. I've been pretty short the past two months on the market, catching the down moves in a lot of the stocks, and when the S&P moved up, the stocks didn't react too bullish. Right now though, in the past week a lot of the stocks turned 180 and are all showing signs of a move up. RSI/Trend/Patterns... It is weird though because right now I am trying to transition to bullish but I just keep thinking if i do that I will be a sucker. It looks like there could be a pattern forming of higher lows then a breakout right after. At the same time it also looks like this could be a triple top and everyone gets burned that was bullish. SPY just made a new high today but just barely. I could be a fool for thinking this is bullish but I think the market is strong right now. We'll see soon enough. Just gonna keep my cards off the table for a few days and figure this out.
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.