Update to ascending triangle in NQ
Earlier this week I posted the NQ chart which I am posting again
Holding the same view but a good example of the battle we facing currently where the bears are seeing technical topping setups, cycles ending, stochastics topping momentum dying, and the squeeze keeps coming
Been in this situation where you have a head and heart dilemma, the markets thinking that extending debt ceilings (good from a liquidity perspective) but really creating more debt for generations to come. Bank liquidity issues and finally the market thinking rate cuts this year!! Ok yes, that is the bearish case and I am biased but sentiment and bull squeeze making the bears doubt their view, and lastly, OPEX today (Options Expiry) could be a catalyst for increased volatility.
Good luck with the arm wrestle between bulls and bears
Holding the same view but a good example of the battle we facing currently where the bears are seeing technical topping setups, cycles ending, stochastics topping momentum dying, and the squeeze keeps coming
Been in this situation where you have a head and heart dilemma, the markets thinking that extending debt ceilings (good from a liquidity perspective) but really creating more debt for generations to come. Bank liquidity issues and finally the market thinking rate cuts this year!! Ok yes, that is the bearish case and I am biased but sentiment and bull squeeze making the bears doubt their view, and lastly, OPEX today (Options Expiry) could be a catalyst for increased volatility.
Good luck with the arm wrestle between bulls and bears
Mark Langley
