Yesterday we saw solid volume on the rise and follow through action today.
What does this mean for the bulls?
We have another touch and a bounce off the red trendline plus solid green candles.
Our moving average was breached for another buy signal..whipsawing from a sell.
The trend is absolutely up and holding strong.
For the bears, a significant shooting star candle usually heralds the top.
Heavy selling this week on rising volume.
We have been talking about inflation since last year, and finally the market has
some transparency into the Fed's goosing.
Much higher living costs are coming around the world and this endless printing
will accelerate into eventual hyper inflation.
This weeks inflation scare coupled with Israel's aggression, might just end up a scare for now.
Bears need to understand that this red trendline must be broken before we can bet the farm.
33,000 must be broken to trigger something bigger.
Bulls may take out ATH next week in this insanity!
We ride this inflationary world with precious metals....huge moves coming.
A crypto of interest has also been exceptional, ARRR - Piratechain.
Good trading
What does this mean for the bulls?
We have another touch and a bounce off the red trendline plus solid green candles.
Our moving average was breached for another buy signal..whipsawing from a sell.
The trend is absolutely up and holding strong.
For the bears, a significant shooting star candle usually heralds the top.
Heavy selling this week on rising volume.
We have been talking about inflation since last year, and finally the market has
some transparency into the Fed's goosing.
Much higher living costs are coming around the world and this endless printing
will accelerate into eventual hyper inflation.
This weeks inflation scare coupled with Israel's aggression, might just end up a scare for now.
Bears need to understand that this red trendline must be broken before we can bet the farm.
33,000 must be broken to trigger something bigger.
Bulls may take out ATH next week in this insanity!
We ride this inflationary world with precious metals....huge moves coming.
A crypto of interest has also been exceptional, ARRR - Piratechain.
Good trading