Good weekly start from bulls

10 Weekend Charts

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A quick but crucial update

I'm away from home and don't have much time, so this is a quick but a very important one.

Signs of weakness on DOW

Golden day

Bears lost another battle

But the war is not over. As always, at every FOMC meeting, over and over again, the proper TA setups are trashed. I'm sure we reached some more record bullishness but Yellen still thinks this is not a bubble and the valuations are normal. As for her position protecting the status quo, she cannot say anything else. She has to defend the house of cards they have been building.

Bear flags

Channels broke up