S&P 500 looks very climactic

5 ביוני 2020

If today closes on its high, it will be the biggest bull bar very late in a bull trend within a bigger TR. This looks very climactic and could lead to the end of the bull leg. Buying now, is like buying the top. Maybe we get a small brief second leg up, but I think there's almost a 70% chance we stall and revisit the low of that climax bar next. And probably resuming for a second leg down (weekly chart, longer term) after a consolidation phase which could take many weeks.

With the recent tweet of President Trump, the confidence in the bulls coul not be higher, so I guess the market does what it does best, humble those people, even if it's the president.