Disclaimer: Each post is for informational purposes only. It is not a solicitation, a recommendation or advice to buy or sell any security or investment product. Information provided in each post does not constitute investment advice.
Saturday, August 28, 2021
MTU Weekend Ed. - Wedging once more (8/27/21 close)
The new high in SPX has promoted the small wedge count highlighted last week.
Note LT chart on AMZN.
ReplyDeletePattern based on past mkt seqs would indicate prob peak in place. And indicator of overall mkt ??
Also compare pattern similarity of 1968-72 DJIA bear mkt rally (B wave) to 2020 to current.
ReplyDeleteThere have been no main clear upward impulse waves since the March 2020 low - only on minor waves.