Forever Bull Market

Like magic the stock indices rise.

 

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Good week for QQQ downtrends \ i do more SPXU+spxs + related ......................;
but this buy monday /good buy............................................................................................................

 

Not just any rise, but a rocket ship higher. Just pumping like crazy and much faster than the drop. We will be at New ATH again later this week. They just can't ever keep this market down for long.

 

Ummm no.

Oh ok +2.14% is 3 one hundredths of a percent more than -2.11%.

4 bars to engulf 11 bars nahhhhhhhhhhhhhhh.

Uptrends take the stairs, downtrends take the elevator ... shaft.

And traders (not pretenders) look for the stairs to climb and the shaft to bungie jump.



Also notice which individual daily bars has the larger true range? Huh?

 

I disagree, Look at that body of yesterday's green candle and wait to you see how this one will end with more massive green. The red candles are tiny and a struggle and most involve a gap lower, where the green ones just rip endlessly. This year is definitely stairs down, elevator up. In the past it was that way, but not anymore.

The market dips this morning, just so the dip can get bought and another massive green candle. It really is the most unstoppable market ever and nothing has changed in '24.

 

You need to look at the big picture...nothing but a typical Cup and Handle since Jan 2022.

 

Every possible thing continues to show an unstoppable bull run. We had 9 straight weekly green candles/ up weeks for QQQ and while last week was red, the entire body of the candle was magically engulfed in just 2 days. We see this incredible rush to put out the fire, aka every red candle instantly being wiped out. Heck even the rise in the VIX from last week was already crushed. I say it again and again, but it's the new reality of the market. We haven't had any sustained period of down in forever. The dip buying and the V's happen at record speed these days. Before you even have a chance to think, it's like the red never happened. Truly incredible and I just can't see how it possibly ends.

 

that is the case when one never sees down days that happen all the time.

Never knew what hit 'em.

 

Here are two intraday examples of "elevator shaft" drops being quicker than the "stairs"
(25 up, 10 down and 33 up, 6 down).

Happens all the time on all timeframe in all markets. Not every time, just most.

That is the nature of markets, they spend more time in bull phases than bears.

After all everyone knows Bulls can only run on average 20 mph, Bears 35-40 mph.

 

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LOL /good shot I seldom see those in any uptrend LOL\/[Unless in IBD newspaper]