Junkie still feel we may rally into end of March ?
Sentiment is certainly trying to set up. I look at QQQ:SPY
ratio at 82 so that is going to have a tough time leading much more
.
The best objective EW view is a flat correction. I am still
entertaining a view of the leading diagonal.
I see a slow grind into the end of march because everyone is so
bearish. Very unlikely, we could dump after the FOMC next week. I
am ready for either one.
Junkie still feel we may
QQQ golden crossThat QQQ cross I pointed out last week ...
Posted by rbreese on 17th of Mar 2023 at 10:34 am
Junkie still feel we may rally into end of March ? Sentiment is certainly trying to set up. I look at QQQ:SPY ratio at 82 so that is going to have a tough time leading much more .
The best objective EW view
Posted by junkie on 17th of Mar 2023 at 10:41 am
The best objective EW view is a flat correction. I am still entertaining a view of the leading diagonal.
I see a slow grind into the end of march because everyone is so bearish. Very unlikely, we could dump after the FOMC next week. I am ready for either one.
Agreed up grind higher and
Posted by rbreese on 17th of Mar 2023 at 10:44 am
Agreed up grind higher and most often we have a rally into FED meeting too. Thanks.
If something is warning about
Posted by junkie on 17th of Mar 2023 at 10:49 am
If something is warning about a dump, it is /GC. If the double top at 1966 breaks to the upside, all bets are off on the market.