After the recent No-China-Money-Monday (NCMM)( tm
), my old bear
lines came back out to make sense of the situation. The 15m trend line
needed some modification to adjust to the bull
spikes, but they still looked forced. So I decided to look at a bigger picture of the situation. Yesterday, I forced some trend lines
to find the bull
that everyone else seemed to see, but after the market changed course, the bull
disappeared;, if it was even there in the first place...
I could definitely be wrong about this timeline, but the fibs match up so... we shall see.