This morning Becky and Joe had a bit of an epiphany, that among the short sample of the past 2 weeks, we seem to be taking the stairs up, then we trip and fall. This opposed to the past year of taking the stairs down, and falling up.
this bit of Time series analysis, brought a little squeal of joy from my becky(sorry, I need to watch it before I start sounding like something out of taxi driver)
I umn, we know I don't use the B word, and one should be very cautious. Using the Teresa Lo model, I've said we are in a near term Aversion, and should move into euphoria(near term). Then on a larger time frame we should get another aversion phase. Which should be comming after some new highs, Should set up as a nice bull trap above last friday's High.
Here is T's swing lines AKA the trend channel. Roughly this could hit my 93 target on the spy
Here is T's swing lines AKA the trend channel. Roughly this could hit my 93 target on the spy
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