$V's strength is in a world of its own right now and looks very solid and locked into a strong trend of making higher highs and higher lows and not needing any moving average is assist it as it moves higher.
This has helped us guide through the market but it is also telling us that the market continues to spend.....overall this may not be a good signal, this will also confirm that inflation is likely to move higher too but the consumer is not slowing down right now....this is not going to help the 10 Year cool down either.
Wave 3 as always remains at the 1.618 Fib at $366.
Aly
2024-12-29 21:53:44 +0000 UTC