The NYA broke through ATHs today, essentially eliminating the most bearish of possibilities imho. As long as the XLF still remains under it's 2007 ATH there is still a *very slim* chance that these possibilities exist. However, my guess is we will gap right through that top tomorrow morning.
There remains one bearish count in which we will complete a large degree 4th wave dropping toward 2016 levels. However, every other alternative count favours the bulls now imo. In fact, the most bullish count which suggests DOW skyrocketing toward 40000+ is now a very real possibility. My only hesitation on trading to that level is seeing extreme bearish divergence in the charts.
Stay safe, friends.
There remains one bearish count in which we will complete a large degree 4th wave dropping toward 2016 levels. However, every other alternative count favours the bulls now imo. In fact, the most bullish count which suggests DOW skyrocketing toward 40000+ is now a very real possibility. My only hesitation on trading to that level is seeing extreme bearish divergence in the charts.
Stay safe, friends.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.