Hello everyone, I hope you're all doing well. Please note, I am not a financial advisor but please speak to one if you have investments right now to make sure they are safe. Big signs are present in this rare megaphone pattern on the monthly timeframe of the DJI. We are nearing the end of may and the candle is closing as an indecisive green candle in the middle of two wicks. I expect the candle to turn red in June. For every big move up, there is a retracement. It looks like the retracement is going down to 15000.
If you take a look over at the VIX, you'll see a bullish RED HAMMER. Guys. This is scary.
There are a lot of bulls and people in a state of euphoria right now who may or may not have noticed the pullback in April when all of the wealthy were cashing out their profits from this insane rocketship.
I've had a deep sense about this. Take care and be safe everyone!