The good thing was this “outside week”, which gives hope for an imminent trend reversal. The other thing is that the week closed below key 2018 support. Manage your risk when trading!
First fibonacci support of the after-2009 relentless rally is now butter. The monthly chart illustrates the whole picture and what to expect in the worst case scenario. Manage risk when trading! Please read the Disclaimer
Bulls hope for a long-term bear trap. Manage your risks when trading! Please read the Disclaimer!
If (big questionmark here), if there is life in this market, buyers should start getting out of their den soon. Otherwise the next seriously taken support is a low lower. Manage your trading risks! Please read the Disclaimer!
When sellers cannot even build some form of top on the charts and buyers are so fast to respond, guess what, the latter still are in full control of the market. Please read the Disclaimer!
Bull market corrections are healthy and needed (in this case maybe towards the trend support line), but dont confuse this with an imminent bear market. Please read the Disclaimer!
DJIA pricechart of the last 3 years tells all the story. The bull market is not over… yet. The upside momentum has stalled (which is absolutely normal after such a huge climb). Remember, most often than not, calling tops is a costly thing to do, at least for retail trading accounts. chart: investing.com
Higher highs and higher lows means the bull market is very much alive source: investing.com