I've been expecting this for a while, with wimpy results. Seeing a lot of the strong stocks beginning to chop and refusing to follow thru. A few spectacular ones still climbing but most of my bull list is dead. The flip side is the short game has been even worse. Like everything is waiting for the next surprise to set something off.
PA shows the short-term cycle for bull is over TODAY officially. I'd be extremely careful if I still hold any long position as a swing trader for the next few days.
The V force is way too dominant. I see your technical setup, but it won’t matter. This market just CANNOT go down. Every attempt is insanity fought off. That’s why we are chopping. They absolute have no chance of brining this market down. As I keep saying as you get farther in the future it will be even harder to see small pullbacks.
Looks like a gap fill (5897) coming up today. Could even see an Outside Day if this pushes past 5900. Probably not, but possible.