I am looking at many indicators, almost everything is pointing to this rally coming to an end.
Least case scenario is we rally a bit more before dropping.
Powell is speaking on Feb 1st. If we don’t drop before then, we most likely will after the speech.
Our current economic conditions are more loose than they were before the bear market… so let’s what happens.
Least case scenario is we rally a bit more before dropping.
Powell is speaking on Feb 1st. If we don’t drop before then, we most likely will after the speech.
Our current economic conditions are more loose than they were before the bear market… so let’s what happens.
Note
GS, HD and UNH make up 22% of companies by weight in Dow. All three are forming topping patterns, so I expect the Dow to catch up with S&P and NAS shortly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.