It's a BULL market until it's not! Some how some way the markets will set new ATHs? I don't know how or why every macro economic indicator is yelling recession or worse but the chart tells me a different story. Bulls ball.....
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Final assent, wave 5 of 5 of 5, this is the end of the cycle.Trade closed: target reached
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Will we get follow through past the target or will this be the top? If its the top expect a dip and a narrative to form to get Joe and Jane in the market and watch for the rotation of capitol begin into the RTY and other assets like commodities as investors start chasing yield. It's been a fun watch and I was surprised to see the market go higher after the expanding triangle high was completed, but here we are waiting to see what comes next. Good luck with your decisions going forward they will either make you more money or you will be picking up pennies in front of a steamroller.
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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.