There will be some turbulence ahead, but if we can successfully get over Friday's HOD (which will most likely happen when the Asian session kicks in), then we will be off to the races. See ya already!
I post whatever and whichever direction the charts show. That is all. I made 15 trades last week across multiple markets. 9 shorts, 6 longs. The trend, the trend. No flip flopping for me.
What your chart depicts is actually a display of what I mentioned earlier----that a bear flag is forming on weekly.
One of these guys was on Bloomberg yesterday, I think it was the cat that founded Renaissance (thank god for spell check, I can never spell that right... click.. spelt right).... anyway, he said there will be stocks that go up in 2023, just not the stocks most people own. Go figure huh. I couldn't have said it any better myself.