It’s bizarre, but tradeable.
They ran it up to test the Pfizer day high yesterday, but couldn’t muster the troops to break through. Momentum weakened and there’s been a little selling this morning here at 4:30 AM New York time. We even have an uptrend channel break.
But supp…
A top isn’t a top until it breaks down. Many a would-be top pattern sucks in the shorts anticipating a breakdown. Then when it doesn’t break, they all start covering, triggering the next upleg.
The level to watch over the next few hours this morn…
Bears are wimpy. They can’t even stick to it for a whole day any more. Let’s face it. We’re pathetic.
The Dow loves 30,000 and the S&P loves 3600. Liquidity will be bearish until Thursday. And I’m working on a Technical Trader update that will lay out a trading strategy and chart picks for this week and beyond.
I hope you had a wonderful Thanksgiving. In bear land, we would have preferred Tanks Giving. But the market doesn’t seem to want to do any tanking.
Thanks to Lindsay Williams at Strictly Business.
https://iono.fm/e/962464
Other than anything I say, the fiscal games that the Trump Regime is playing on its way out. Here’s why, along with what to expect in today’s US stock market trading patterns.
Anyone who has traded this market successfully since Pfizer Day is a genius.
I am not a genius.
Yes, they are. They have come back to celebrate the holiday.