The V force in this market has never been stronger. If you look at the monthly chart, you will see one of the most amazing tails/stick saves ever for August. So we are stuck in a powerful uptrend that CAN'T break. There is just no way this market can fall. Every time it attempts to it is immediately bought back up. I see a month of more extreme rallying and some aggressive V shape recoveries for every down move. I don't see how it ever can be stopped. Market is making multiple ATH the next few months.
We had 2 attempts in April and July to bring the market down and it just led to 2 rapid V recoveries. It is over for bears in this market. Any time you get a decent red day, you have to expect the V the following days. THEY JUST CANNOT EVER KEEP THIS MARKET DOWN!
