Last week I posted a thing from Eliott Wave International, wherin Brian believed that there is NO DURABLE BOTTOM YET because “market allocation” has yet to wash out to its lowest point. He also said, which we all know, there can be VIOLENT rallys on the way to the BIG LOW.
This chart is the nearest measure I can find (Sentiment) for his “market allocation” using stockcharts.
Anyone have better?
WEEKLY… and it lags…
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Multiple resistances here. Need break EMA20 decisively in order for bulls to have hopes.
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Still fight the EMA20, need exceed the mini target (pink area) for bulls to see hopes
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Exceeded the mini target, good, now watch carefully, don't blink, maybe, just maybe the knights in shinning armor finally come
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