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1/ When I post I expect grind & easy money has been made I’m not joking or just flaming perma-bears. I’m serious. Let’s use IBD as a metric. Here is a pic of the current IBD signals, or I should say signal. It’s unbelievable really. 82 consectutive sessions on “Confirmed Uptrend”
2/ Here is a pic of 2009. 42 Sessions off the “CUp”. Then mixed signals started in...and they are coming real soon now to 2020. No more all clear! IBD is as easy as it gets really. Since 4/6 it’s been basically an all clear. What furu gave you that? Again, just IBD as a metric.
3/Since 4/6/20 it’s been an all clear essentially. And now with $SPX within less than a 100 points from #ATH many have missed this & now it will get dicey as “Uptrend Under Pressure” signals come in due to high distribution, chop, undercutting lows will make buying more difficult
4/ If you found it difficult to buy since 4/6/20 imo you’ll find it difficult to buy from here on out. This clean of a chart, or 1st move off of the lows is about to change its character imo. It will not stay this clean. This is/was historic, and yes it’s not technically over yet
5/ I’m giving it no more than 5-7 sessions before we get the first “UUP”. Now if you look at 2009 chart a “UUP” was nearly a low or “the swing low” and marched right back up (it’s a Bull). But it was the start of a mixed signals tape and not as clean. Just sayin, easy $ over.
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