ravensfan
Market Veteran
- Reaction score
- 166
I'm surprised the U.S. & E.U. trade agreement has not had a more positive influence on the market.
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Or you can now use TapaTalk again!Whipsaw's Account Talk
- Thread starter Whipsaw
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Whipsaw
Market Veteran
- Reaction score
- 218
Spot on, I thought we would see more upward movement as well, to pile onto the rising pennant prediction. I didn't ask the M-8 about that.I'm surprised the U.S. & E.U. trade agreement has not had a more positive influence on the market.
Whipsaw
Market Veteran
- Reaction score
- 218
This morning, I watched the Grok Trade video of about a week ago, D7 characterized what I saw as a rising pennant (continuation), as a rising wedge (bearish pattern), he pointed to bearish divergence in the RSI sloping down as the market rose - that appears to have worked itself out as I look at the current charts. MW is pointing to potential 5-10% pull back, though we're only seeing downward action of .07% in the SPX and .33% in the DOW this morning, no appreciable rise in the Vix. The weekly charts look solid, at the moment. Other sources (and D7) point to the Big Beautiful Law building significant economic strength going forward. Go back to my post of 3 or 4 days ago when I jumped in for a good laugh. Holding steady.Similar threads
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