💾 But WAIT!... Wait for the Earnings...

26 янв. 2023 г.

Reading the charts I became bullish...
Reading the charts I became really excited and honestly happy because finally, finally we would get some air to breathe... Finally.

The charts gave out more and more signals and I started to rejoice.

I share this with my friends... The story, the market conditions are changing... When it was bearish it was clear, we can see the price action matching everything else... Everybody said yes.

At one point, the charts changed.

"Hey folks, take a look... It is changing, it is going bullish..."
This is back in November.

But WAIT!, they would say, wait for the CPI.
But look, look... It went up...

WAIT!, wait for the FED meeting.
Looks even better now and it doesn't matter how it looks it is actually growing, this is a fact...

But WAIT!, wait for the bank earnings.
Oh Jesus! ... It keeps growing, look!

"No, it isn't growing you idiot, it is a recession... Wait for other Earnings".

Oh Lord Buddha! ...

"But the earnings are irrelevant if the market is set to grow, the market makes the news not the other way around".

Everything comes out...

- The SPX hits a low in October 2022.
- Breaks the 2022 major bear market trendline.
- Produces a strong higher low and is set to produce a bullish wave...

The market doesn't watch TV.
The market is not into war nor politics.
The market doesn't read the news.
The market doesn't give a fold.

The market has its own rhythm.

You either follow the market or you can easily get lost.

Namaste.