In short, what you are seeing is almost a one-sided bearish capitulation.
I will repeat that thought, by the end of this article.
A "Bullish Cup and Handle Pattern", the "alternative count".
don't you just love that, there's always two sides to every coin they say
has just prevailed... and price has just broken above 4550,
another important resistance that was supposed to stop the advance bites the dust.
And everyone, I mean those who were completely fooled,
are asking out loud.
When will all this upside end ...?
I mean its a great question,
because the market is really supposed to be going down right now.
The answer here is simple.
When a majority of naysayers are dead wrong,
the stock market advance will continue.
Bearish capitulation sometimes knows no limit.
"Fate accompli"
SPX OPEN 3 PM 4555.65
THE_UNWIND
WOODS OF CONNECTICUT
I will repeat that thought, by the end of this article.
A "Bullish Cup and Handle Pattern", the "alternative count".
don't you just love that, there's always two sides to every coin they say
has just prevailed... and price has just broken above 4550,
another important resistance that was supposed to stop the advance bites the dust.
And everyone, I mean those who were completely fooled,
are asking out loud.
When will all this upside end ...?
I mean its a great question,
because the market is really supposed to be going down right now.
The answer here is simple.
When a majority of naysayers are dead wrong,
the stock market advance will continue.
Bearish capitulation sometimes knows no limit.
"Fate accompli"
SPX OPEN 3 PM 4555.65
THE_UNWIND
WOODS OF CONNECTICUT