Bulls In Control for Now - Pumping and Trumping :)I hand it to Trump, he will say anything to make sure the stock market moves in the right direction to get him elected.
This market should be called the "Trump Pump"
It's great for long-term investors FOR NOW.
The Long-term ramifications are hard to see, but most economists and experts agree the outlook is grim longer-term.
Indicators Confirming the Uptrend.
RSI 9 Confirming Uptrend
MoneyFlow - Confirming Uptrend
OBV - Volume noncommital
KST - Know Sure Think Confirming Uptrend
That means, for now, the short term trend is up, up, up.
I am going with arrow 3, then resistance at 3,000, then either a continuation of arrow 3, or arrow 2 back down.
Interesting to see Fibonacci retraced up to exactly 50%
Enjoy the ride folks.
Like and follow if you want more.
thanks
Barry
