The bullish daily charts, a focus of recent commentary, have now seen the rallies in respective markets gaining momentum. But the larger question is - what will happen when these markets encounter the resistance levels on the weekly charts?
Recent experience tells us as long as the Money Pump is in operation, the downside is limited.
click chart to enlarge
The repeated alignment of Money Pump surges with renewed S&P rallies argues for a cause-and-effect relationship, not merely an observed correlation, between FED printing and this S&P bull market.
A number of daily charts are bullish here. However, the weekly charts are equally bearish. In sum, rallies into resistance should fail and downsides resume in those markets.
The details are in our video update for subscribers.