Bear Market on hold for now.
Guys, an insight I had while napping. I think most of us want to go back to selling and a bearish market.. One sign of a bear market is when the 50 EMA goes under the 200 EMA look at this chart, price is above all the EMAs, classic bullish market... maybe we need to put our preconceived idea that selling will return like. it was and put it on hold for now.
Having said that after todays extreme bullishness, maybe we get a down day by Friday, maybe tomorrow to erase a little of all this overbought.
Having said that after todays extreme bullishness, maybe we get a down day by Friday, maybe tomorrow to erase a little of all this overbought.
Please check out Kauai Dave Pivot Traders on youtube. youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ
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