This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
This chart paints the picture for me:It looks like a perfect bull wave off support. When these happen the 50 DMA holds as support:http://scharts.co/VAYrdtI suspect we fail at this high like in 2012 (same chart). That is the bearish scenario.Because the 1905 low we caught continues to look perfectly bullish, I am staying with it until it breaks down. I suspect it is a well painted bull trap, but it needs to break for me to know anything.That is the explanation on the prior charts. The indicators I sent are still on sell (hourly barely). We should know soon.