We like this picture from Tim Knight about the S&P500:
It’s a very good illustration of what is happening in the markets lately.
We recognize the first bullish move and then the 2 ever weakening consolidation phases.
It’s a very good illustration of what is happening in the markets lately.
We recognize the first bullish move and then the 2 ever weakening consolidation phases.
The latest phase was not positive. Until yesterday, when the declining trend line was broken to the upside.
The bulls are running everywhere today. But the indexes are overbought, so where will they find the strength to overcome this hurdle?
No comments:
Post a Comment