My Outrageously Bullish Scenario aside, rallies lately have been gaseous.
Today's pump-and-dump opening bar, for instance. Although impressively engineered by the usual slimebags on Wall Street, it's hard not to notice on the hourly chart that SPX’s intraday high in the first minutes of the session left two ‘external’ peaks to the left of it undisturbed. This means the rally was not ‘impulsive’ even on the lowly hourly chart.
FREE TRIAL OFFER
Be sure to try the premium Rick’s Gold and Bitcoin Radar and lock on to accurate gold and Bitcoin price targets and sharp strategies to keep the turbulence of these markets on your screen, and not on your nerves. Complementary to the radar is the premium Rick’s Trading Room, a 24/7 hub of market-savvy traders sharing real-time updates and actionable ideas. It’s the ultimate combo. Sign up for a free 7-day trial today.