InvestorsHub Logo

gdl

Followers 89
Posts 7538
Boards Moderated 6
Alias Born 12/18/2012

gdl

Re: None

Friday, 05/27/2022 10:11:50 PM

Friday, May 27, 2022 10:11:50 PM

Post# of 521
Breakout is obvious. We can see an 11 day event where this was day 5.
Next week has to ignore all the inflation data and it is a huge week for that.

The scenario of a deep drop next week is out simply because the momentum was too strong this week. A flat week is ominous for the market and suggest a rollover.

I hesitate to call this the real deal here but ther were major technical markers suggesting a big rally. So i hate to admit it but next week can surge a lot higher.

Scratch my 2 scenarios and change them to either a flat week or another big up week.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.