In 2000 when we lost the 50 EMA price was not able to recover again above the 50 EMA.
IN 2008 we lost the 50 EMA and no recovery till the end of 2009.
And now we had a double recovery Oct.2015 and Feb 2016.
If price wanted to start a bear market it had 2 chances. It couldn't start it.
Why? I don't know the reason...
USA elections ? - The Govt wants a flying stock market?
Central bank money printing? - The freshly printed money is going to the stock market?
But if we make a higher high those red points will have to close their shorts... And it's just Tradingview.
Most of the small investors are trying to short this market.
WHAT IF THEY ALL ARE WRONG AND WE BREAK TO NEW HIGHS ?!
IN 2008 we lost the 50 EMA and no recovery till the end of 2009.
And now we had a double recovery Oct.2015 and Feb 2016.
If price wanted to start a bear market it had 2 chances. It couldn't start it.
Why? I don't know the reason...
USA elections ? - The Govt wants a flying stock market?
Central bank money printing? - The freshly printed money is going to the stock market?
But if we make a higher high those red points will have to close their shorts... And it's just Tradingview.
Most of the small investors are trying to short this market.
WHAT IF THEY ALL ARE WRONG AND WE BREAK TO NEW HIGHS ?!
Comment:
Today(07.04.2016.) we broke out from the DCL of oil and broke out the consolidation of biotech.
Now I'm 100% sure that S&P will test or break the all time highs in 2 months.
With the skyrocekting oil and biotech stocks simply cannot fall.
Now I'm 100% sure that S&P will test or break the all time highs in 2 months.
With the skyrocekting oil and biotech stocks simply cannot fall.
Turn on the "light" sign next to the indicators