A rally on Tuesday has spike the Dow up 500 points in our wave 2 up corrective move.
Futures are up around 170 points as traders get more optimistic on geopolitical chatter and subsiding oil prices.
We may see further rally today as a opportunity to fade the move. The pattern of candles the past few weeks has been gyrating and volatile...chop and lack of buying interest.
Oil has pulled back quite significantly as have precious metals, these pullbacks are temporary and will build a base for the next legs up.
The Fed has NO way of reigning in inflation now, totally trapped by it's refusal to treat the patient a long time ago. Of course "Russia" is to blame for our living costs soaring the past two years or more, you can bet on a classic bear market rout to temporarily quell the inflation bomb now occurring.
An event is coming, once the wave 2 completes, which may take a few days....wave 3 down will smash through support for a first degree capitulation.
Sell the rips, the game has changed.
Appreciate a thumbs up...Good Trading!
Futures are up around 170 points as traders get more optimistic on geopolitical chatter and subsiding oil prices.
We may see further rally today as a opportunity to fade the move. The pattern of candles the past few weeks has been gyrating and volatile...chop and lack of buying interest.
Oil has pulled back quite significantly as have precious metals, these pullbacks are temporary and will build a base for the next legs up.
The Fed has NO way of reigning in inflation now, totally trapped by it's refusal to treat the patient a long time ago. Of course "Russia" is to blame for our living costs soaring the past two years or more, you can bet on a classic bear market rout to temporarily quell the inflation bomb now occurring.
An event is coming, once the wave 2 completes, which may take a few days....wave 3 down will smash through support for a first degree capitulation.
Sell the rips, the game has changed.
Appreciate a thumbs up...Good Trading!