The big question in the market here is whether we have completed the rally off of the March lows, or we have more upside to be seen in the coming weeks and months
While we have evidence supporting both sides, my opinion is that there is not enough evidence to support an ultimate top.
As far as this being just a pause, there are factors such as sentiment readings, wave structure and momentum divergence that suggests the upside is finished for now.
Confused? why not!
I taken an neutral bias based on a completion of the 5 waves up, but I have not yet turned bearish to take a swing on the short side, and am not ready to unless certain levels are breached.
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- MarketJEDI
- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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