Similar pattern is emerging in lots of markets. A run u into November, then some kind of crash (take your pick, FOMC, midterms, Ukraine), but if we keep the uptrend then we are looking at bullish case for USA when EU goes to hell next year.
Hi...why would it stop at point A and not continue downwards???
igord2
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@Laurent10, It is possible to make one final low, but the rest of the world is in a huge mess, money has to go and hide somewhere and no market is big enough except USA stocks/bonds. Strong USD + strong stock market = positive feedback . Europe is going down the drain, China is not free for the money to flow in/out at will, Japan is about to watch movie Abenomics meets reality, Emerging Markets are small in unstable countries that can go belly up .. there is really no place for trillions of USD to run to but USA. I am just pointing that a potential triangular pattern has arisen in many markets, whether iw plays out or not time will tell.