Like always, Excellent work Redbacka!
To add the the bearish consensus:
- February is seasonally one of the worse months
- first year after the presidential election is typically weak
- not 100% sure, but I believe the year after a weak/no santa rally (American Markets) is usually poor
I particularly like the quarterly SP5000 chart- not a chart I would think to check up myself! Looks set for a false breakout to make a triple top then a big fall!
Then again, you can't argue with the trend, multi year highs and the major trend breakouts in the Asian markets!
I'll be keeping a close eye on my current longs.
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Like always, Excellent work Redbacka! To add the the bearish...
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