08/03/2021 Market Recap
Posted: Tue Aug 03, 2021 4:24 pm
Like one good looking bear bar doesn't mean anything, one good looking bull bar doesn't mean anything too, let's see any follow through tomorrow.
As I said yesterday I didn't remember when bears were smooth so no surprise a disappointment again today. Unlike bears, bulls are more likely to get a "not bad" follow through.
The chart still looks like a rising wedge therefore a pullback from the upper boundary to the lower boundary still has some chances unless a couple of strong bull bars here, anyway, let's see tomorrow.
As I said yesterday I didn't remember when bears were smooth so no surprise a disappointment again today. Unlike bears, bulls are more likely to get a "not bad" follow through.
The chart still looks like a rising wedge therefore a pullback from the upper boundary to the lower boundary still has some chances unless a couple of strong bull bars here, anyway, let's see tomorrow.