I have expected May 8th as the top of the pullback in this post:
However, it seems that there were more legs pending.
View still remains that this is a counter trend rally, and we will eventually head down again.
We are in 3rd of C and we will get another move up in 5th, which should mark the end of the entire leg up.
If I am invested in US markets - I would use this rally to book profits!
View is similar in Nasdaq and DJI, so not sharing those charts again. :)
All the best!
However, it seems that there were more legs pending.
View still remains that this is a counter trend rally, and we will eventually head down again.
We are in 3rd of C and we will get another move up in 5th, which should mark the end of the entire leg up.
If I am invested in US markets - I would use this rally to book profits!
View is similar in Nasdaq and DJI, so not sharing those charts again. :)
All the best!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.