Short
Unstoppable Melt Up?
The Dow finishes on a high for the week and the wedge or ending diagonal pattern has been breached.
Often these breaches are what are termed a throw-over and do not often last.
The bears capitulate and drive prices higher on weak volume.
A pullback into the wedge to be followed by a breakdown as the bulls take profits.
Make no mistake that we are at the termination point of a wave 5 larger pattern.
Prices have risen way too fast and far...a true bull market would see rising volume, not only has volume decreased but a Hindenburg omen is on the clock.
How far can long term rates rise without stopping this freight train?
April/May will surprise many.
Enjoy your weekend
Often these breaches are what are termed a throw-over and do not often last.
The bears capitulate and drive prices higher on weak volume.
A pullback into the wedge to be followed by a breakdown as the bulls take profits.
Make no mistake that we are at the termination point of a wave 5 larger pattern.
Prices have risen way too fast and far...a true bull market would see rising volume, not only has volume decreased but a Hindenburg omen is on the clock.
How far can long term rates rise without stopping this freight train?
April/May will surprise many.
Enjoy your weekend
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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.