We are approaching agreement on the red .236 line of the fib channel.
We are also reaching an agreement between the long time support and the .786 fib retracement level of the Covid decline. When either of these fail, we will see the nature of this market.
Was may 14th the second bottom? Will or next argument be the yellow .382 of the fib channel as we approach the all time high?
-OR-
Will we dribble down the the long term support and fall through it to the bottom of the fib channel / the green .5 of the Covid retracement; Another pin to bust bubble bursts beneath us?
It is notable that our nation was on a whole quite reckless with social distancing and protective measures while celebrating over memorial day weekend. We should expect a spectacular COVID spike within the next 10 days. That will be my measure to judge the seriousness of the epidemic and the end of bear market rally.
We are also reaching an agreement between the long time support and the .786 fib retracement level of the Covid decline. When either of these fail, we will see the nature of this market.
Was may 14th the second bottom? Will or next argument be the yellow .382 of the fib channel as we approach the all time high?
-OR-
Will we dribble down the the long term support and fall through it to the bottom of the fib channel / the green .5 of the Covid retracement; Another pin to bust bubble bursts beneath us?
It is notable that our nation was on a whole quite reckless with social distancing and protective measures while celebrating over memorial day weekend. We should expect a spectacular COVID spike within the next 10 days. That will be my measure to judge the seriousness of the epidemic and the end of bear market rally.