Everywhere I look I'm seeing talk of a "new bull market"
But I don't think this is a new bull market
I think we are getting a visit from a distant relative: Ole' Cousin Bear Market Rally
Why do I think this?
Well, typical of "family", the members within share common attributes
In the next post we will talk about what some of those common attributes are in detail
But I don't think this is a new bull market
I think we are getting a visit from a distant relative: Ole' Cousin Bear Market Rally
Why do I think this?
Well, typical of "family", the members within share common attributes
In the next post we will talk about what some of those common attributes are in detail
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Near term expectations
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Lets see how this plays out
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Market generally progressing as expected.
Its possible all of Wave (C) is complete but the market appears to still want to rally a bit
Lets see
Its possible all of Wave (C) is complete but the market appears to still want to rally a bit
Lets see
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Zooming out a bit to better see the move we are tracking
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Ok its pretty clear to us where price is most likely headed
Slightly tweaked the count.
Slightly tweaked the count.
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CRITICAL MARKET SUPPORT AREAS
The market appears to be setting up for a significant downturn
We are expecting that downturn to begin by the end of this week/ early next week
This could be really ugly
PLEASE TAKE CAUTION
The market appears to be setting up for a significant downturn
We are expecting that downturn to begin by the end of this week/ early next week
This could be really ugly
PLEASE TAKE CAUTION
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CRASH ALERT!!!
BE CAREFUL!!!
BE CAREFUL!!!
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One last push higher and we should see price fall off a cliff
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IWM about to go down in flames!!!
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Ok we are in the target crash zone.
We are on high alert for a significant downturn...i certainly hope we are wrong because this going to be UGLY
Expect one more smaller push higher and then watch out below
We are on high alert for a significant downturn...i certainly hope we are wrong because this going to be UGLY
Expect one more smaller push higher and then watch out below
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Price pushed higher as expected.
BE CAREFUL!
BE CAREFUL!
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Get Ready