Market BULLISH --- Breakthrough of Resistance
Since the peak of DIA back in early 2018, a very clear resistance curve has been formed with one solid redirection, and two nearby rejections. Things are finally looking good.
With this breakthrough, a new support curve has been developed which appears to remain very strong. However, the curve is extremely aggressive, so we can expect at some point soon a more passive curve to come into play. The curve drawn is a very short term support and you should not consider any downfalls through this curve too seriously.
Due to the breakthrough, this also means that market volatility should be continuing back down to its usual lows as the market is now in a bullish mentality. Leverages such as UVXY and TVIX will most likely continue to spiral downwards bringing great money for shorts.
With this breakthrough, a new support curve has been developed which appears to remain very strong. However, the curve is extremely aggressive, so we can expect at some point soon a more passive curve to come into play. The curve drawn is a very short term support and you should not consider any downfalls through this curve too seriously.
Due to the breakthrough, this also means that market volatility should be continuing back down to its usual lows as the market is now in a bullish mentality. Leverages such as UVXY and TVIX will most likely continue to spiral downwards bringing great money for shorts.