Consolidation looks to be under formation
There is real evidence that a final double bottom looks to be in the works shortly.
How this will develop will need study.
The market looks to have 'digested' the new normal of a pandemic. 1000 point drops are hardly mentioned on the news. Two weeks ago it was blaring headlines.
The 'mother' of a super-W formation does look like it could form. Watching.
I would not enter this market in any fashion yet.
How this will develop will need study.
The market looks to have 'digested' the new normal of a pandemic. 1000 point drops are hardly mentioned on the news. Two weeks ago it was blaring headlines.
The 'mother' of a super-W formation does look like it could form. Watching.
I would not enter this market in any fashion yet.
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