(For Those That Want To Know)
As I iterated in my prior observations: These patterns have a propensity for being called too early, where they seem to be exuding all the requisite characteristics, then, suddenly, can reverse on a dime. This appears to be doing the same, once again, ad nauseam. i.e., We’re far beyond the point of calculating any reasonable odds and remain in fantasy land where .0000001 odds of something happening is the norm. It’s down right laughable (actually ridiculous) and has been for quite some time.
So with the above said here’s the same chart with updated notations. As of this writing it would appear the “markets” have assumed following a well defined channel. For how long is anyone’s guess. Where it goes from here, again, is anyone’s guess. But guessing is all there is, because at some point, even .000000001 chances of something bad happening in Hades eventually does.
However, at this point – The “Magic Money Tree” continues to bear its fruit.
Below is that chart with the most recent movements zoomed in. To wit:
© 2020 Mark St.Cyr
Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.