Our > VIP ELITE GROUP HERE < know what is happening. Right now there are almost 85% of newsletter writers saying the market is looking strong and healthy, and I can see many more people getting bullish.
As a sentiment trader we like to be contrarian to these views, as last time this happened the market reversed pretty good. So this could be a warning sign. The market right now is a in a real strangle-hold and does not know what it wants to do.
But when we look at the chart we can see, we are still in a bull market. The stochastic are telling us that the bull have gone hard in the short term, and there could be a pullback on the cards soon.
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| Nasdaq chart |
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