Short
A Tug Of War
Markets this week have gyrated to twist both bulls and bears.
Very often at major market tops, we see a large spike in volatility, firstly the bears short covering like Wednesday...those most pessimistic are forced to buy as prices rally hard and fast.
The Fed's goosing at it's best.
Then Thursday's falls are followed through with today's red candle....whipsawing characteristics of a battle.
Our stance remains that wave 2 corrective to be followed by wave 3 down is still in play.
Perhaps the big boys did not wish to hold long over this weekend?
If a wave 3 down is upon us, a shock will come very soon. There are red flags everywhere, warnings will go unheeded for most.
Appreciate a thumbs up...Good Trading!
Very often at major market tops, we see a large spike in volatility, firstly the bears short covering like Wednesday...those most pessimistic are forced to buy as prices rally hard and fast.
The Fed's goosing at it's best.
Then Thursday's falls are followed through with today's red candle....whipsawing characteristics of a battle.
Our stance remains that wave 2 corrective to be followed by wave 3 down is still in play.
Perhaps the big boys did not wish to hold long over this weekend?
If a wave 3 down is upon us, a shock will come very soon. There are red flags everywhere, warnings will go unheeded for most.
Appreciate a thumbs up...Good Trading!
Note
The big boys indeed did not wish to go home over the weekend long.Futures are way down 2%..the "variant" is raging across the world.
Wave 3 down is here...buckle up!
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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.