Do they play around with bears? is this a massive bull pennant ready to explode to 4k? Check all the companies that announce earnings this week for hints!!! We already have multiple formations like Inverse H&S, Bull Flag, Cup & Handle and now we have this one as well... The stakes are high and although i am not a US citizen i have a feeling that Trump is going to get re-elected. Take that in consideration together with the fact that FED stated it will keep interest rates to 0% until 2023 we may be in front of the biggest bubble in financial history!!! Big up till 2022 and then Michelle Obama will come as a savior to unite the United States of America.Stay on the sidelines is the best strategy for me at the moment, wait for strong confirmation and enjoy the ride :)
@MyLuckyCharm, analysis, i do not have a position in the market atm and i am not willing to participate in higher levels, i do not like these valuations at all... but what can you do when you have Fed supporting the markets and global interest rates at 0% and even -%??? Cautiously waiting for a big short HINT :)