The nasdaq composite chart and 5 10 20 timer has the market as a mess right now. The bulls and the bears continue to tussle it out. As you can see above these lines is BULLISH and below is bearish. Right now they are stuck in the middle and it is a time where no one is in control. In fact no one has been in control for a few weeks now. Eventually this will have to end, but for now the bantering continues.
Looking back, all the way to MAY as this chart shows, we have seen a strong steady climb upwards, and its safe to say we are still in a BULL market. But in saying that there is still no clear buy signal here, but again at the same time while there are many people out there calling for a top, we are still hammering the fact that this is NOT a time to fall in love with the downside.
|nasdaq composite chart|
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