We flipped from a falling wedge to ascending triangle last week. Maybe our doom isn't so imminent. As you can see we broke above the resistance and we are currently printing a bull flag. Short term its looking long. BUT I am still very bearish over the next few months. A triple top could seal the deal and send us into a downtrend.
last 3 weeks put/call ratios became very bearish... with high vix that is bullish... april 1st started with bearish marabozou... got the market scared and expecting down drafts below that low of april 1st trading day. that never happened.
trading higher than 2641 should never happened. that was a bullish indicator until friday morning opex. after friday, all bets are off and the market resets until the end of april
trading higher than 2641 should never happened. that was a bullish indicator until friday morning opex. after friday, all bets are off and the market resets until the end of april