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This could be bad. What today’s action may represent is, at long last, a completion of a massive inverted H&S bullish pattern which could blast the market, ultimately, to new lifetime highs. Or, as with last August, it could be a merciless bull trap. Id’ say the one big difference that gives the advantage to the bulls is the fact that the base is about five times larger than it was in mid-August.
Here are some younger stocks which have either completed bullish bases or seem very close to doing so.
Well, today wins the worst day of the week for me. While I wait out the storm, I’ll share with you the updated chart of Tesla (TSLA) which, like everything else today, is up.
Happy Friday, everyone. The jobs report came out, and it was relatively strong (forecast is the number on the right, and actual the number on the left).
