But I am certainly not willing to make a blanket statement that the market is going up with the current hourly configuration of NYA, RUT, Trannies.... as a gap down, or pop n drop, from this configuration could be fatal to bull near term hopes.
Like I said....
Look at the precision on the Dow chart...crazy, eh?
Pretty clear where the IT buy stop would be at this juncture....the question is how long will it be until it gets taken out now....bulls could be sitting on dead money for quite some time...
Edited by K Wave, 26 June 2020 - 09:34 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy