Bear Trap. SP500 to new high's!
Updated
Because we all have a historical pullback to study this pullback against- I feel the majority bias is short. The majority cant trade in the correct direction 100% of the time. That would mean the majority of traders would be profitable. Instead it is a minority that is profitable. The flip side to what everyones thinks is the downside is what follows. This is by no means financial advice- just what we could see come Monday. We will have some brief turbulence, than feel the euphoria of a wave 5, that could be overextended if It wants to really break through the clouds. Everybody is short- I am long. Simple as that.
Comment
Every TF I cut it- It is https://there...https://www.tradingview.com/x/tMgUGXBH/
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