This is my first article here. I hope everyone will like it and I am very much looking forward for comments from people who could give a data driven prove to support or deny my scenarios.
Recently there has been more and more conversations in regards "Will Tax Day cause a surge". Thomas Lee with similar articles articles state that there will be a huge price surge up.
My technical analysis shows that at the moment we are at the peak of bull-ish cycle and there should be another shoulder of price rising up and then the cycle should reverse into bear-ish cycle with price pushing down. However if "experts" are correct, there will be a major disruption to current cycles and new cycles will take time to establish.
Therefore, the question remains - will the price surge up or drop down? Leave your thoughts and models in the comments bellow.
Happy Tax Day!
Not
2018-04-18, day after "Tax Day". US opened with *drums* ... Nothing! #False"experts" #MissedOpportunity
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