If it is a clean IH&S it will reverse at @3077 and retreat to @2987 and resume its northward thrust...otherwise the pattern is still valid IMHO
That’s precisely what I’m expecting ... a kiss at 76-77 ... we just took the scenic route to get there.. as per usual.... this IHS will/ should get us there as previously stated.
The Fed's threshold for pain is now only a 5% drop to order up a $53 Billion pump in one day. Fed allows the pump, but cannot stomach the dump. Buy the dip, buy the rip is back. https://apps.newyorkfed.org/markets...=TRUE&startDate=01/01/2000&enddate=01/01/2000
Haha, I was also suprised it was so quiet here. Guess everyone is either praying or counting his money For those who only just tune in: Trump anounced a $1 trillion infrastructure plan and there is hope for a Covid treatment.
The Fed is creating a ticking time brick... This is the point of no return as they`ve crossed the line into the tipping point....
Had a really good week last week so taking a breather and went into observation mode. Although I will say that was one hell of a rip off the lows of yesterday! Hope some of ya'll caught that.