S&P 500 looks very climactic
If today closes on its high, it will be the biggest bull bar very late in a bull trend within a bigger TR. This looks very climactic and could lead to the end of the bull leg. Buying now, is like buying the top. Maybe we get a small brief second leg up, but I think there's almost a 70% chance we stall and revisit the low of that climax bar next. And probably resuming for a second leg down (weekly chart, longer term) after a consolidation phase which could take many weeks.
With the recent tweet of President Trump, the confidence in the bulls coul not be higher, so I guess the market does what it does best, humble those people, even if it's the president.
With the recent tweet of President Trump, the confidence in the bulls coul not be higher, so I guess the market does what it does best, humble those people, even if it's the president.
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