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Lower high or not, wait and see, I say 49% chances.
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This bull shall have legs. I see early sign of an uptrend day.
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Not looking very positive for today. Seems like summer slow down has already started. Maybe all the Fed speakers will make it clear that inflation is "Transitory" and zero rates will be back in no time.Ha Ha
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The fastest bottom pattern is illustrated by dashed blue lines.
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So far followed the fastest bottom pattern although the pullback was shallower than I thought which actually is a good sign for bulls. Now whether the low was in or not, need decisively break the blue line above to confirm.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.