Don't get fooled by the counter trend rally, Bearish to 27,500

Apr 9

Don't be suckered into this bear market rally. Price is still bearish and will continue to be so until the 2018 Open price has been hit of 27,500. A clue the market has shown is the bodies of the last three days are suspended above a key level. This is a sign that price will return. When prices find a low at a key level, the bodies are AT the level.




Case in point, bodies of the candles are AT the key level, not suspended above it. This is ALWAYS the case for a major low in the market.

Apr 9

Note

Apr 9

Note

Look for little to no follow through and for the bull bar to get erased. I do not trust bull bars in this market right now.

Apr 9

Note