The rebound is clearly motivated by the reverse of the sentiment that caused the dip. The FED effect has returned to bemuse with corrupted capitalism including the boll weevil of buy backs combined with boardroom bonus schemes. Rewarding the perps of mass industrial zombification whilst deluding investors. The dip has given a glimpse of the reality of the reality.
The daily chart shows that the top end of the resistance band has been reached. The 61.8% retrace level is some distance beneath. One word of potential doubt from the soothsayers and whoops. But it still looks bullish until [2] is breached.
Whilst the horror movie trailer revealed the awaiting, destructive power of drawing back the curtain on the truth about the extent of the zombies, there is still the possibility that a SIV with AAA rating can be created for the ongoing furtherance of buy backs and sold to the stupid, like with the sub prime mortgage magic. The modern wonders of self-regulating capitalism are surely endless and no doubt able to serve any chosen purpose that transfers the wealth. Just keep it too confusing for the plebs to understand what it will do to them going forward.
LINK: Climate Change
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