A Retracement Not a Base

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The market has gone up every single day starting last Friday, which, in a twisted way, is just what I was hoping (of course, the second part of that “hope” is that it STOPS!) What is clear to me, however, is that charts like we’re seeing constitute a powerful retracement, NOT a new base upon which a new bull run is based.


……..same here………..


In case it isn’t clear, here’s what it has been like to be a bear for the past week: