The Overall Picture Remains bullish

While stocks closed lower on Tuesday …

The overall picture remains bullish.

Stocks backfilled Friday’s gap on Tuesday, then formed a bullish reversal.

Stops can be moved up to Tuesday’s low of 4314.37.

3 responses to “The Overall Picture Remains bullish”

  1. Alexandru Avatar
    Alexandru

    The market is posed for an adjective crash: Nasdaq is +6% above its 50dma while 59% of its stocks are below — the more this percentage grows as Nasdaq stays high, the more the risk of a crash increases.

  2. Alexandru Avatar
    Alexandru

    * corrective crash

  3. Alexandru Avatar
    Alexandru

    …and here the risk is happening already?

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