Short
Final Destination
Yesterday the Dow formed a bullish reversal candle "hammer"
Today we have follow through and confirmation of that bullish signal.
Our analysis from a week ago suggested an ultimate top in was possible, this looks very unlikely now and new highs are almost certain next week.
Today we have stepped back over two years in price history to reveal what we thought was very unlikely months ago....a final destination target in the face of broken economies.
The red trendline is ultra important in keeping intact the bull run...ANY solid break will usher in the trend change and a true bear opportunity.
The top trendline will also be critical in the next week or so in determining our next idea.
April/May is our reversal period onwards...bulls see zero risk as bears hide.
Every turn in market history is the same...it's not different this time.
Momentum will meet resistance at the same time a negative impact occurs..."News"
We repeat our mantra of staying small short to stay in the market without worry.
Until this red trendline breaks...no additional puts!
Have a great weekend traders!
Today we have follow through and confirmation of that bullish signal.
Our analysis from a week ago suggested an ultimate top in was possible, this looks very unlikely now and new highs are almost certain next week.
Today we have stepped back over two years in price history to reveal what we thought was very unlikely months ago....a final destination target in the face of broken economies.
The red trendline is ultra important in keeping intact the bull run...ANY solid break will usher in the trend change and a true bear opportunity.
The top trendline will also be critical in the next week or so in determining our next idea.
April/May is our reversal period onwards...bulls see zero risk as bears hide.
Every turn in market history is the same...it's not different this time.
Momentum will meet resistance at the same time a negative impact occurs..."News"
We repeat our mantra of staying small short to stay in the market without worry.
Until this red trendline breaks...no additional puts!
Have a great weekend traders!
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.
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.