The Stock Market is like Spaghetti -- it's going everywhere. I always said that the S&P could break into ATHs before we have a recession and so far this year, after an initial fear, it seems to be going to plan.
There's some weakness, there's some imminent fear, and I just wanted to post this because I haven't actually posted anything in a while, though I have been reading, trading, and learning. I'm still around. And even if the stock market is in a nosedive, it won't hit the bottom until AFTER a recession is officially called. So last year's bear market? Too early.
This is just a little cooling off after that great big leap last month. No doom and gloom yet. Not yet jubilation but we could in the next month or so if the PA signals such. Long term probably we'll see another leg down, but lets make some profits before that happens eh?
Re-Up: Last chart didn't have my usual web of lines that allows me to say I told you so regardless of what happens. And also my analysis, which is that we could dip lower next week but the general trend remains upwards.
There's some weakness, there's some imminent fear, and I just wanted to post this because I haven't actually posted anything in a while, though I have been reading, trading, and learning. I'm still around. And even if the stock market is in a nosedive, it won't hit the bottom until AFTER a recession is officially called. So last year's bear market? Too early.
This is just a little cooling off after that great big leap last month. No doom and gloom yet. Not yet jubilation but we could in the next month or so if the PA signals such. Long term probably we'll see another leg down, but lets make some profits before that happens eh?
Re-Up: Last chart didn't have my usual web of lines that allows me to say I told you so regardless of what happens. And also my analysis, which is that we could dip lower next week but the general trend remains upwards.
Comment:
There we go, flipped it around, the clean chart is a simple picture and the complicated one can be refreshed on a desktop.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.