There has been no pullback since 29 September for this current leg and I don't believe the run is sustainable... Looking for a healthy correction prior to the 3rd leg.
Note
Typo, should be the 50MA not the 200MA. Not seeing a major correction to the 200MA just yet unless there's a head and shoulders forming but... Doubtful for the entire market at this stage of it's lifecycleNote
Looks like analysis paid off in this instance... Key now is to find support.Note
Pretty snazzy call
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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.