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this bull has legs. see too many times bears only one legged. sign.
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volume surge, biggest bar, so might see pullback here first which likely would be bought.
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Nyadv 1400
Nydec 1400
Volume ratio 1-to-1
It’s 50/50
Bulls don’t have enough internal strength to pull this off…….yet…..
But all the bulls really need are the bears to continue covering their shorts………
Expect chop when the bears stop covering
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Cant blame the bears ,it would be suicide to short in January,the daily and the 2 hour charts just will not turn down,look at the last 3 years you just do not get a signal to short,i took long profits on 31 st of Dec as waiting for a signal to relong
Al_Dente wrote:Nyadv 1400
Nydec 1400
Volume ratio 1-to-1
It’s 50/50
Bulls don’t have enough internal strength to pull this off…….yet…..
But all the bulls really need are the bears to continue covering their shorts………
Expect chop when the bears stop covering
Bears have been covering since SPX 1000.... they'll never stop.
Hmmm this is getting tricky now we are at resistance but this leg looks little stronger than wave4 should...maybe it could be a triangle? back in wait and see mode
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
the pullback likely would be bought. lunch time, will be back.
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