Another Rally To Finish?
The Dow tracked down/sideways this week in a consolidation move.
We expect another up move this week which could well be the top.
Parabolic rallies such as these are extremely difficult to predict their end.
A fifth and final wave like 2008 will morph and extend beyond even normal markets.
Of course this is nothing normal, just a farce.
Quiet and void of any negative "news" or impact event!
Markets may have topped but the sentiment and action say otherwise..expect another rally.
Patience will be rewarded to the bears.
This is a classic throwover which will terminate no doubt.
Sit on the fence and wait.
Good trading!
We expect another up move this week which could well be the top.
Parabolic rallies such as these are extremely difficult to predict their end.
A fifth and final wave like 2008 will morph and extend beyond even normal markets.
Of course this is nothing normal, just a farce.
Quiet and void of any negative "news" or impact event!
Markets may have topped but the sentiment and action say otherwise..expect another rally.
Patience will be rewarded to the bears.
This is a classic throwover which will terminate no doubt.
Sit on the fence and wait.
Good trading!
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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.
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.