Bull Or Bear??
The Dow has made no net gain since the 9th Nov top as the squeeze continues.
Grinding into an ascending wedge...waiting for it's next morphine hit or catalyst excuse to sell off.
This pattern is usually bullish but divergences are appearing.
Perhaps our Santa rally was the election....something eerie in the making now.
The two trend lines are critical no doubt, either solid break would signal the next trade.
You don't have to be in the market...just sit and wait.
Upside risk is off the charts...money management and discipline must be kept.
Seems that extremes have become nose bleed in complacency...how much further can the controllers push it to the brink?
Despite such insane elevations, there are no so called "Hindenburg omens" as yet...this would suggest no crash is coming, anything can happen!
So we wait for the break...thanks for reading my idea and good trading.
Grinding into an ascending wedge...waiting for it's next morphine hit or catalyst excuse to sell off.
This pattern is usually bullish but divergences are appearing.
Perhaps our Santa rally was the election....something eerie in the making now.
The two trend lines are critical no doubt, either solid break would signal the next trade.
You don't have to be in the market...just sit and wait.
Upside risk is off the charts...money management and discipline must be kept.
Seems that extremes have become nose bleed in complacency...how much further can the controllers push it to the brink?
Despite such insane elevations, there are no so called "Hindenburg omens" as yet...this would suggest no crash is coming, anything can happen!
So we wait for the break...thanks for reading my idea and 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.