Friday, April 26, 2024 9:32:16 AM
"Bigger picture, bulls probably continue to have the advantage unless bears can reverse this and form at least one more new low..........."
http://www.pretzelcharts.com/
"We really only need one chart today, and it's this one:"
"Last update concluded:
In conclusion, bulls have so far turned the market back up where it was expected and where they needed to. Bigger picture, bulls probably continue to have the advantage unless bears can reverse this and form at least one more new low, to give the decline a more impulsive appearance.
And there's really nothing else to add since then, other than to note that we'll probably enter the ABC inflection zone either today or tomorrow. Again, though, as I also wrote last update, "bears should be ready in the event the market elects to disappoint them." Trade safe. "
http://www.pretzelcharts.com/
"We really only need one chart today, and it's this one:"
"Last update concluded:
In conclusion, bulls have so far turned the market back up where it was expected and where they needed to. Bigger picture, bulls probably continue to have the advantage unless bears can reverse this and form at least one more new low, to give the decline a more impulsive appearance.
And there's really nothing else to add since then, other than to note that we'll probably enter the ABC inflection zone either today or tomorrow. Again, though, as I also wrote last update, "bears should be ready in the event the market elects to disappoint them." Trade safe. "
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.
