This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
OK, this feels different.
- I’m excited to see equities up strong;
- I welcome to conciliatory tone of the Chinese, which is creating the fabled trade talk optimism this market needs;
- I am so glad to have lightened up!
In any case, this is true progress, and I want to stress how a “chart-friendly” market definitely goes BOTH ways.
If I may also pat SlopeCharts on the back, I want to point out that my Bitcoin Peak post nailed the top almost perfectly, and in the span of just a few days we’re already down $1,000 (which is a good thing). The chart doesn’t look like much, but the Fibonacci nailed this sucker.
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