Yeah I was a fantastic time to learn. Put me though the learning curve in record time, but for sure embedded a bearish bias inside me.
But yeah, in all the early cycle sectors (industrials, financials, etc), I am seeing bullish chart after bullish chart. Many stocks nearing or even hitting new all time highs. That doesn't happen when risk assets are about to fall off a cliff.
Even bitcoin's chart is starting to show some improvement I haven't seen the whole bear market.
Great points. I cut my teeth in the 2006-2009 markets too. Great lessons that will last a lifetime! Definitely seeing some bullish leaning charting.
Yeah I was a fantastic time to learn. Put me though the learning curve in record time, but for sure embedded a bearish bias inside me.
But yeah, in all the early cycle sectors (industrials, financials, etc), I am seeing bullish chart after bullish chart. Many stocks nearing or even hitting new all time highs. That doesn't happen when risk assets are about to fall off a cliff.
Even bitcoin's chart is starting to show some improvement I haven't seen the whole bear market.
Yep. BTC lead mkts down. If it holds above 18k and can get through 21k. That’s worth noting.
Nice pop in BTC overnight. Breaking a bullish falling wedge and 40 week MA on weekly charts. Not a bad sign.