DJI - Terminal Pattern Finishing Up + Nice Trade SetupIf you are wondering what you should be doing in terms of trend following the equity indices these days, I promise you are not alone. This multi-month range-bound "bull market rally" since December has turned into a money-printing extravaganza for everyone who is not in the business of making money in markets. The disequilibrium between "normal expectations" of growth and sustained easing and the "new normal" parabolic crypto-gimme has created a very difficult trading environment for those who earn the proper way.
Finally, though, we may have come thru to the end of the tunnel on this rally with a tricky terminal pattern forming on the hourly/daily of all the major US equity indices (and Bitcoin, obviously). This one is pretty hard to spot and if you aren't looking for it, the past three weeks of price action seems completely bizarre and trendless. It pretty much is - since it is a triangle after all.
The only saving grace about this triangle is that, if it is the one I am thinking of, it is for sure a terminal pattern, (1), and, (2), there is a very nice trade setup incoming tomorrow with a very high probability of success and several points of impulsive price action to boot.
Rejoice if this ends up looking even close to what happens tomorrow because the top is in.
-TunnelPigsion
DJCFD:DJI
SPCFD:SPX
NASDAQ:IXIC
RUSSELL:RUT
