Mixed indicators in the candles and wild price action - buying sprees followed by selling panics. Oscillators and MACD still mostly bullish.
If I had to guess I'd say Elliot V(iii) recovery wave up is coming soon, but you simply can't predict the when of this market. Correction is probably just about over now.
Could easily sell off again before moving higher, or just shake off the bears and start moving up in June. Or drag sideways for months...
Probably time to start loading up on longs- buy into the panics. Eventually the upward march will resume, might take all summer. Who knows?
I sure don't know. I wouldn't make any big bets on further big declines though - could still happen, but real good chance to get burned now on shorts.
Keep your stop loss orders tight if you short this roller coaster!
If I had to guess I'd say Elliot V(iii) recovery wave up is coming soon, but you simply can't predict the when of this market. Correction is probably just about over now.
Could easily sell off again before moving higher, or just shake off the bears and start moving up in June. Or drag sideways for months...
Probably time to start loading up on longs- buy into the panics. Eventually the upward march will resume, might take all summer. Who knows?
I sure don't know. I wouldn't make any big bets on further big declines though - could still happen, but real good chance to get burned now on shorts.
Keep your stop loss orders tight if you short this roller coaster!
