Mnuchin is in China and is saying he's having 'good conversations.'
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Yet another low volume rally.
Falling wedge.
YM falling wedge....I think we gap up big on Sunday, and by the end of June we are at NEW all time highs. I can feel it, we are going back up. Get long, and get ready for new highs...Notice the inverse H&S in the MACD.....Super bullish...
Most of your posts are centered around the market continuing its move up... and who can blame you? Nine years of central bank stimulus has conditioned a lot of people to buy the dip and nothing else.
In your chart I see a series of lower lows and lower highs... combined with the fact that the gravity-defying up move has finally lost its biggest benefactor, the real forecast *should* be: lower prices ahead, for years to come.
That's you opinion, I can respect that. There is one thing that has not occurred in this bull run to convince me the up move is exhausted. Every bull market has ended with a negative divergence on a weekly chart. That has not happened. Below is the end of a 6 year bull market, marked with a negative divergence.
We are a measly 200 ES points away from the all time high.
Technically the up trend is still intact.
Rickshaw Man, when you say "negative divergence", I take it you are meaning price movement diverging from some indicator? Which indicator? Sorry, I'm sure its a newb question. Just googled it and it looks like divergence is a general term that can be measured by a few different things. Thanks!