From Afraid to Trade:
Are We Really Repeating this SP500 Pattern Again?
Could we be caught in the Twilight Zone again and doomed to repeat the same outcome in the market?
Let’s take a look at our broader S&P 500 chart and highlight a repeat bullish outcome pattern and chart where we are and how far we have to go at the moment to repeat it again.
Each green rectangle above represents a strong impulsive or “bar-over-bar” non-stop upward price action as the uptrend continues....MORE
Many of these bar-over-bar impulse swings have been fueled by a short-squeeze or capitulation of the bears, particularly after “Bear Traps” triggered (with breaks under the rising 50 day EMA)....
As we were saying, even in the depths (okay, 7% drawdown) of the January collapse, it's still a bull market.
