In my previous post, I was expecting an extension of a 5th wave. However, that has proven to be wrong even though the idea of a bull market is still intact. What happens now has brought me to believe that the bull market is going to be running even stronger and could really last for another few months.
In my chart, I showed that we could be in a wave 3 of a wave 3, which is an especially strong bullish move. Added to that will be the identification of a "high-tight flag" which is a high probability setup which most Technical Analysts will recognize. Unless you only have the mandate the short, don't short into this move. Only old, stubborn and stupid people will keep shorting the market when losses pile up. Don't be one. And don't blame the Fed, algorithmic trading, AI, etc. when you short and lose money.
In my chart, I showed that we could be in a wave 3 of a wave 3, which is an especially strong bullish move. Added to that will be the identification of a "high-tight flag" which is a high probability setup which most Technical Analysts will recognize. Unless you only have the mandate the short, don't short into this move. Only old, stubborn and stupid people will keep shorting the market when losses pile up. Don't be one. And don't blame the Fed, algorithmic trading, AI, etc. when you short and lose money.
