I have expected May 8th as the top of the pullback in this post:
However, it seems that there were more legs pending.
View still remains that this is a counter trend rally, and we will eventually head down again.
We are in 3rd of C and we will get another move up in 5th, which should mark the end of the entire leg up.
If I am invested in US markets - I would use this rally to book profits!
View is similar in Nasdaq and DJI, so not sharing those charts again. :)
All the best!
However, it seems that there were more legs pending.
View still remains that this is a counter trend rally, and we will eventually head down again.
We are in 3rd of C and we will get another move up in 5th, which should mark the end of the entire leg up.
If I am invested in US markets - I would use this rally to book profits!
View is similar in Nasdaq and DJI, so not sharing those charts again. :)
All the best!
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