Intermediate term technical indicators launched last week, supporting the expectation of an extension of the rally. However, while we might expect an extension lasting at least xxx xxxx xxxx to xxxx xxxxx xxxx, unless Fed policy flips back to QE, or the Treasury starts paying down T-bills again, the rally’s days are numbered. This does not look like a new bull market upleg. In this report, I show the likely price and time targets of the move, along with key support and resistance levels. How the market behaves around those levels will dictate how we drive on these curves. Non subscribers click here to access.
These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.