Here is a chart that went along with a detailed email update to subscribers this morning. Without reproducing all of the 'what ifs' and eventualities, I thought I would put the chart up with its self-explanatory aspects illustrated for your review.NFTRH has been operating in a somewhat frustrating mode whereby the broad market has very different potential outcomes for the near and intermediate term (while the long term remains a bear market). It is ironic that the most bullish short term is not what is best for the bulls in the intermediate term, and visa versa.
Here is the chart. Daily down trends are intact, therefore the intermediate bullish inverted H&S scenario is intact, but weekly uptrend keeps a 'C' leg flame out in play. Short term, is the fix in?
Goldman Sachs will post the largest profit since a record set in 2007 when it reports second-quarter earnings today, according to analysts’ estimates compiled by Bloomberg.
