Alternative Reality

[gdl]

Mentioned the technical call before. Now MACD has shown bullish indicators.
Today is the first day of any significant move so far. We have till at least 4130 to call this a reversal. We also need 2 solid weeks of upside. we just got one week.

I believe the 20% mark on decline was the catalyst as a Pavlovian response.

We should now see another week of gains. How high and strong remains to be seen.

My canary in the coal mine JUST BROKE DOWN! It is the first to go when the market is about to sober up. I find it interesting that the green light for stocks his exactly when the breakdown occurs. Perhaps i am reading too much into this but when such an explosive idea, concept, and material company has this kind of doubt nearing a supposed end of the stock market drop it makes you wonder.

Even with the mentioned technical markers declaring victory for the Bull I have my doubts. The move TODAY should set up for a momentum push higher in almost every day going forward for the next week.

I watch for the momentum and strength. it has to at a minimum hit 4130 area in this push.

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On the off chance this wave pattern does not break from prior wave structures we have to see a break of just 4105 on this current rally. Each wave down had a double rebound move before breaking down once again to lower lows. The double move here needs to exceed that prior pattern of failed sustainability. We do not have long to wait.