I thought cryptocurrency investors in 2017-2018 were the peak. Nope.
Stock bulls make "hodlers" look humble and reasonable.
Even the media that keep fearmonger for views are saying about stocks "everything will be alright it always goes up".
$140,000. The american household average personal debt.
$40,000. The average personal debt held by each american...
Possible rising wedge forming, a continuation pattern in a down trend or reversal in an up.
Today felt "toppy" IMO, long weekend ahead, lets see what Monday brings... If wedge is validated this oughta make some put holders happy, but one more impulse up before more down... unless JPOW printer go brrrrr.
Looking at ~$264 for local low and ~$293 for top.
Added a...
The short entry on the chart doesn't look very promising anymore considering it was already hit previously; a break higher wouldn't surprise me. The long entry between 309 and 308 looks more promising, I would keep my stop tight as a retest of 303~ seems likely.
As far as I can tell, there is good reason to believe those entering now will ride along the top of the boillinger band for awhile.
I suggest reducing position size at any point we exceed the band.
I see no reason currently for us to return to the bottom band.
As such, if we do go there, it will be news based. Judge the quality of news to determine issues or...
