Fractal777
Short

Bulls In Charge - Bears Throwing The Towel In?

CURRENCYCOM:US30   Dow Jones Industrial Average Index
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9
The market is very overbought and believed, but it ignores reality.
Bears were mauled again on Friday and the wedge was blown up by the shorts.
Many are calling ATH for these markets and this could happen.
Often, capitulation is met with a turn or very close.

Fridays high was met with selling, let's see whats next.
Disbelief that a depression is coming will be seen in the real economy
and not be the FED goosing the markets with TRILLIONS of debt.

Bear markets are decieving in nature, 1929 brought ignorance of the calamity faced.
The plunge that followed the bear rally, incinerated any notion that the economy was recovering.
Market valuation is above 150% of GDP....RED FLAG!
Gold and silver will be the outright beneficiaries of the FED's insanity.

Comments

My latest post addresses the Dow,
especially Fridays breakaway candle upside gap,
which could be a potentially be a "terminal move."
now in place on the chart.
+1 Reply
Fractal777 The_Unwind
@The_Unwind, Multiple upside gaps to be filled with a downdraft once the selling resumes.
It's on a tear and FOMO with shorts fleeing in droves.
Risk in longs is extreme for new entrants....can't be many shorts left to fuel the rally much more.
This week will be pivotal for direction.
Reply
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