Im not much of a bear... sike, its due to the fact that we are up 590% from bottom to top since the financial crises in 2008. Almost a century ago saw a 500% run up from lows to ATH's
Generally when something goes up on whatever positions you hold its a good thing. Everyone is chasing the same thing and that gains however you acquire that.
With that being said this has been yet another great run up and has been exciting to trade.
Here ladies and gentleman is yet another ascending wedge coupled by a higher RSI on the 4hr than the previous run up to ATH and the same level on the daily charts.
Given the dynamic of earnings happening I think that this one shall be interesting to say the least.
theres some gaps that need to be filled that are on SPX though we will see if those are filled this time around.
Currently we broke trend yesterday and looks ready to drop a little lower before maybe shooting up again to ATH or dropping lower due to some out of left field circumstance or something playing out that was already talked about.
Only time will tell.
That's all folks
Generally when something goes up on whatever positions you hold its a good thing. Everyone is chasing the same thing and that gains however you acquire that.
With that being said this has been yet another great run up and has been exciting to trade.
Here ladies and gentleman is yet another ascending wedge coupled by a higher RSI on the 4hr than the previous run up to ATH and the same level on the daily charts.
Given the dynamic of earnings happening I think that this one shall be interesting to say the least.
theres some gaps that need to be filled that are on SPX though we will see if those are filled this time around.
Currently we broke trend yesterday and looks ready to drop a little lower before maybe shooting up again to ATH or dropping lower due to some out of left field circumstance or something playing out that was already talked about.
Only time will tell.
That's all folks