Note possible Hindenburg Omen clusters have formed in recent sessions across all major indices. Including NASDAQ in and of itself (the Bell Weather for this cycle). S&P will have its fifth day in the cluster today and Nasdaq its third.
A possible Elliot Wave ABC formation of huge potential magnitude has also formed.
Of especially epic proportions when tied together with potential Fibonacci retracement.
Probably won't happen, but you never know! Sentiment remains excellent despite spreading virus, China shutdown and weak fundamentals showing through in every economy (except the US, where figures put together in state departments by people appointed by the President are naturally more reliable than the Chinese figures....).
The Fed stepped in to stop this last November. Is it out of fire hoses now?
A possible Elliot Wave ABC formation of huge potential magnitude has also formed.
Of especially epic proportions when tied together with potential Fibonacci retracement.
Probably won't happen, but you never know! Sentiment remains excellent despite spreading virus, China shutdown and weak fundamentals showing through in every economy (except the US, where figures put together in state departments by people appointed by the President are naturally more reliable than the Chinese figures....).
The Fed stepped in to stop this last November. Is it out of fire hoses now?
