Bear market rallies,by definition are often just liketoday's extreme bounce back.
They are designed to fool almost everyone into thinking that Monday's sharp high volume sell off,
was yet another in a slew of selloffs that should have been bought, rather than sold.
The S+P 500 is now building a "broadening top" formation, a very bearish potential pattern
that could build its way higher, right into the month of October.
You know the history of October, and the stock market.
Sometimes in market history,the absolute most fearful setup is the unexpected final push up prior to a crash.
It remains to be seen what will happen.
But for the bulls, "buying the dip" this time,
could have very "unfortunate consequences
the kind that could trap them in inside a falling stock market
,..,straight down.
THE_UNWIND
9/23/21
Wood Of Connecticut
They are designed to fool almost everyone into thinking that Monday's sharp high volume sell off,
was yet another in a slew of selloffs that should have been bought, rather than sold.
The S+P 500 is now building a "broadening top" formation, a very bearish potential pattern
that could build its way higher, right into the month of October.
You know the history of October, and the stock market.
Sometimes in market history,the absolute most fearful setup is the unexpected final push up prior to a crash.
It remains to be seen what will happen.
But for the bulls, "buying the dip" this time,
could have very "unfortunate consequences
the kind that could trap them in inside a falling stock market
,..,straight down.
THE_UNWIND
9/23/21
Wood Of Connecticut