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Indices 08/07, page-35

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JohnTip

2,058 Posts.

78

11/07/24

09:27

Post #: 74701747
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Originally posted by TheFadz: ↑

You can tell how much hotcopper is mostly bears when there is no joy when markets go up

That's ok, it won't last forever
But those few of us that are bulls are enjoying it

Technically we shouldn't even be this high this early but we have calvo to thank for that
That must have been a very large position that was stopped out so thank you.

Unfortunately this is just futures & intraday xjo is more important
Depending on where it gets stuck, gives me an idea of where we're at

Bears have now reset on the hrly so as soon as the short covering panic (combined with fomo) runs out they will begin their process again
Whether they completely concede we find out by tomo

I always say don't worry how high markets get, worry about the follow up/backtest to gauge a true sense of markets

Long term uptrend from April still intact
Short term uptrend from June 27 still intact

Until we reach a true market top, I will remain a bull
It's just a matter of patience
No matter how many red candles, pullbacks & mini corrections we have along the way

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Not sure what level XJO gets to next but US indices are getting frothy themselves mainly NDX

XJO Value at posting: 7,816.8
2 Upvote

0 Great analysis

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