This has been an unprecedented rally from the March 6th lows. When are we going to get a pullback? Will the next pullback be a buying opportunity? Notice in the above chart that each peak on the 60 m chart is losing momentum. Will options expiry this Friday be the final push to the upside? Or will we rollover until then? Momentum is up now, no signs of faltering - but stock longs beware, we are way overbought in a bear market rally. If everyone runs for the exits at the same time... it could get ugly.
Hey, this is my first post on my first blog... cool.
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