The Bears were Run Outta' Town - Bigtime!
5D, 15m. - Jun 1 - The move continues to the upside. The bears have been greatly disappointed in the failure to get an expected "pull back". Most likely many have been trapped in a Short Squeeze.
30 Day, 2 hour - Jun 1 - The Channel Trend continues Bullish. Efforts to detect a break to the downside have all failed. The Bulls have carried the day into higher ground.
3 M. Daily - Jun 1 - The Bull Run has been impressive. It has taken place in the midst of continuing "bad news" & "gloom and doom" developments. The market just shakes it off. Perhaps it is telling us something.
5 Day, 15 m. - Jun. 2 - Consolidation day following a day a big gains. Is this a pause before another advance?
30 Day, 2 Hour - Jun. 2 - Channel Trend is up. Ignore the Trend to your regret.
3 Month, Daily - Jun. 2 - The 200 Day Moving Average has been breached. Will it hold? If it does hold it could lead to additional moves to the upside.
5D, 15m. - Jun 1 - The move continues to the upside. The bears have been greatly disappointed in the failure to get an expected "pull back". Most likely many have been trapped in a Short Squeeze.
30 Day, 2 hour - Jun 1 - The Channel Trend continues Bullish. Efforts to detect a break to the downside have all failed. The Bulls have carried the day into higher ground.
3 M. Daily - Jun 1 - The Bull Run has been impressive. It has taken place in the midst of continuing "bad news" & "gloom and doom" developments. The market just shakes it off. Perhaps it is telling us something.
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