Pink to blue is the period between Trump announcing tariffs on Mexico to the "deal".
Hmm.
Something isn't right.
A rip on decreasing volume. A breakout on minimal volume, followed by a ride down the trendline. Overbought on every indicator. Stopping just below a top from a previous bounce.
Everything is calling for a false breakout.
However, I'm keeping my options open. A firm breakout of the yellow line indicates a ride up to 2955. Otherwise, this bounce is over. Expect an open red or a short rise followed by a devastating retrace.
THE BIG CALL:
The market will no longer be making any more all-time-highs until a rate cut is announced. There will be none during June. We will at least retest previous lows, or break below to hit lows at or below 2625.
Feel free to message me your opinions, thoughts, concerns, or disagreements.
I accept commissions for stock analysis, DM for details.
Hmm.
Something isn't right.
A rip on decreasing volume. A breakout on minimal volume, followed by a ride down the trendline. Overbought on every indicator. Stopping just below a top from a previous bounce.
Everything is calling for a false breakout.
However, I'm keeping my options open. A firm breakout of the yellow line indicates a ride up to 2955. Otherwise, this bounce is over. Expect an open red or a short rise followed by a devastating retrace.
THE BIG CALL:
The market will no longer be making any more all-time-highs until a rate cut is announced. There will be none during June. We will at least retest previous lows, or break below to hit lows at or below 2625.
Feel free to message me your opinions, thoughts, concerns, or disagreements.
I accept commissions for stock analysis, DM for details.
