Watched a really interesting video on youtube posted 4 days ago by Alessio Rastini about the Kiss of Death Signal on the S&P500. As DC mentioned last week I think? It has triggered but doesn't seem to be something anyone is commenting on.
In a nutshell, he seems to state that when this technical pattern emerged in the big bear markets previously, there was a bounce in the 2 months (on average) afterwards before a bigger drop. Is this perhaps what we are seeing now? Fingers crossed it is a false breakout and just keeps going up up up, I'll just keep holding and watch how it plays out.
Anyway, who knows what will pan out in this crazy market, if nothing else this video is interesting to watch.
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Watched a really interesting video on youtube posted 4 days ago...
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