Channel getting tighter...

27 במאי 2022

The breakouts below trend are decreasing in depth NOT increasing. We continue to range tighter. If the bears don't get a real close below and truly break trend soon/BULLS WILL take back control. As always watch for the 32 fake. Maybe a relief rally this weekend followed by Drama next week. Feels like retail is getting comfy with many stocks and THINKING they've found a bottom ... IF the bears make a strong move and we see 25K bounce again(temp. double bottom), i think its time for a week or 3 of fun... THEN the bottom line .