ajtj99's Market Pulse

[Justa Werkenstiff]

Market: Okay, this naz has gone about 20 points further than expected in my book. Enough to think that something else is going on here. And that something else seems to be a resumption of the trend imo. And that trend is not in finding an intermediate bottom anymore. Instead, we are back to trading in a range for now.

We never got the extremes associated with an intermediate bottom imo. And so be it.

This could turn down right here. But unless this is post opex BS, the markets took a lot of time down below to find a some b/s bottom not to take some time in finding a b/s top in both price and sentiemnt.

We could run further but at this point, given what I am seeing, the bad news for the bulls is that will make a lower high on this trip in what is looking like a descending triangle.

Short term sentiment readings ended the day frothy but not at extremes. But we could be there tomorrow. On a price basis, indicators caught up and are now aligned with sentiment. And so it goes.