This past weeks bear breaking counter trend US stock market rally back up the totem pole
was enough for even hard core big money bears to throw in the towel,
and to more importantly "cry uncle".
As noted in my last update, the stock market is taking
strongly and usually reliable short term bearish technical patterns,
and busting them to the upside.
That's the trap.
My long term chart work this week reveals that the S=P 500, is now exceedingly "close"
like a clock that's been pushed forward against its will,...
to a rapid, and potentially sharp descent.
A Weekly Triangle Upside Technical Breakout Pattern in 1987
ultimately was "the hook" that trapped both bulls and bears at historic highs
before a market crash.
Fair warning.
Once the market starts down,.., you won't be able to stop it.
As a vaccine cure is now promised to all Americans,
a stock market" cure " will ultimately come in an almost blindsided attack
that almost certainly will catch most.. looking in the absolute "wrong" direction.
THE_UNWIND
3/13/21
Woods Of Connecticut
was enough for even hard core big money bears to throw in the towel,
and to more importantly "cry uncle".
As noted in my last update, the stock market is taking
strongly and usually reliable short term bearish technical patterns,
and busting them to the upside.
That's the trap.
My long term chart work this week reveals that the S=P 500, is now exceedingly "close"
like a clock that's been pushed forward against its will,...
to a rapid, and potentially sharp descent.
A Weekly Triangle Upside Technical Breakout Pattern in 1987
ultimately was "the hook" that trapped both bulls and bears at historic highs
before a market crash.
Fair warning.
Once the market starts down,.., you won't be able to stop it.
As a vaccine cure is now promised to all Americans,
a stock market" cure " will ultimately come in an almost blindsided attack
that almost certainly will catch most.. looking in the absolute "wrong" direction.
THE_UNWIND
3/13/21
Woods Of Connecticut