Monday, April 15, 2024 4:29:59 PM
".....we can no longer be 100% certain that it's still bears' ball.....................[but] we'll let the charts lead where they may."
http://www.pretzelcharts.com/
"Last update noted it was bears' ball "for now," and I think we can call that a hit, but today we're going to examine both sides of the trade.
To do that, let's start with BKX:"
"NYA is in a similar position:"
"SPX has kept alive "Option a" from a couple updates ago:"
"Finally, the TLT update I promised on Friday (on the Forum):"
"In conclusion, because of BKX and NYA, we can no longer be 100% certain that it's still bears' ball (I anticipated this potential, which is why I included "for now" in the statement last update). That said, it feels like bears may have more in the tank (perhaps after a bigger bounce), but this market hasn't been kind to "feelings" for a while, so take that with a grain of salt and we'll let the charts lead where they may. Trade safe."
http://www.pretzelcharts.com/
"Last update noted it was bears' ball "for now," and I think we can call that a hit, but today we're going to examine both sides of the trade.
To do that, let's start with BKX:"
"NYA is in a similar position:"
"SPX has kept alive "Option a" from a couple updates ago:"
"Finally, the TLT update I promised on Friday (on the Forum):"
"In conclusion, because of BKX and NYA, we can no longer be 100% certain that it's still bears' ball (I anticipated this potential, which is why I included "for now" in the statement last update). That said, it feels like bears may have more in the tank (perhaps after a bigger bounce), but this market hasn't been kind to "feelings" for a while, so take that with a grain of salt and we'll let the charts lead where they may. Trade safe."
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