Friends, I pray you are all having a lovely start to the week. Since everyone is SUPER BEARISH, I needed to repost something that I have been trying to explain on my social media posts.
First, Descending Broadening Wedges ARE BULLISH CONTINUATION PATTERNS
Two, the $DJIA Remains over its 20 and 50 Weekly MA's
Three, Sentiment is as bad as I have seen in years.
This is the perfect recipe for the rally to come. While there are some caveats to my thesis, I still see one last all time high BEFORE THE REAL COLLAPSE of EVERYTHING. Sorry crypto friends, this means your coins too.
The caveat for the Dow Jones and the other Indices as well is a breach of the Oct Lows. If that were to happen, we have one additional lower low to go before the LAST & final leg higher.
First, Descending Broadening Wedges ARE BULLISH CONTINUATION PATTERNS
Two, the $DJIA Remains over its 20 and 50 Weekly MA's
Three, Sentiment is as bad as I have seen in years.
This is the perfect recipe for the rally to come. While there are some caveats to my thesis, I still see one last all time high BEFORE THE REAL COLLAPSE of EVERYTHING. Sorry crypto friends, this means your coins too.
The caveat for the Dow Jones and the other Indices as well is a breach of the Oct Lows. If that were to happen, we have one additional lower low to go before the LAST & final leg higher.
JT