US 30 Setup to test ATHJust an idea; I'm not sure about this but I expected a LOT more selling, and it's not happening.
An ABC countertrend surge may be in progress; if so, we'll have a new ATH this summer.
There is NO rational or logical reason for this to occur; therefore I consider it highly likely.
IT's exactly what happened in 1929... Fascinating that Fib time projects possible ATH on 03 September 2019... exactly 90 years to the day!
If you read nothing else on TV, read this re valuations and future ROI:
www.marketwatch.com
During the final phase of the Bull market, irrational, frantic exuberance fueled by short covering will drive prices to extreme highs, until the shorts are covered...
then the real selling begins. FYI I closed all my shorts today Weds 6/12/19, maybe a mistake, but futurz are pumping up again, so I can sleep at night.
As always, this is not any kind of investment advice, just another crackpot idea. Please comment and like if you do! Thanks for watching. -DS
