So we got the pumptardedness I expected (see bull flag chart from yesterday), and pattern wise it appears that we're going to hit the top trendline again.
Indicators show the market on the edge of being overbought.
When indices broke the wedgie, it just whipsawed sideways, and I expect more of the same after it hits the trendline. I don't expect the market to tank until it breaks the lower trendline, at the same time I think it's time to start looking for stocks to short, instead of chasing the market at the top.
Indicators show the market on the edge of being overbought.
When indices broke the wedgie, it just whipsawed sideways, and I expect more of the same after it hits the trendline. I don't expect the market to tank until it breaks the lower trendline, at the same time I think it's time to start looking for stocks to short, instead of chasing the market at the top.