Seems like this market is trading on hope to the upside after all the data comes out and then sells hard to the Fed reality. If my wave theory is correct we may see a little more upside with a grind higher Monday/Tuesday but after that I see us selling off hard with the start of a new corrective wave A down to a bounce off the weekly 200sma 3675 region. I think...
Looks like there is a little more upside after todays bullish close. Then the inevitable will happen... Eventually lol! This market is very frustrating at times but when I'm in doubt, I remind myself to zoom out! Looks like we have been trading in this falling wedge since right after the end of March relief rally when we tried to reclaim the 200 SMA. My thesis...
