The markets are playing with US!
Breakouts to the upside - no follow-through
Breakouts to the downside - no follow-through
WEARING market participants out
Basically, the bus is slowly being emptied -
BOTH buses!
BEAR BUS
if you can trade a bear move and get it RIGHT - it can be exhilarating - Think rollercoaster ride
BULL BUS
Bull moves - slow and steady (generally) not as much adrenalin rush
What does this look like on a chart?
Nasdaq weekly
clear rising wedge (usually a bearish formation, although to really clear the bus, typically it will rally above the line (shorts will run for cover and bulls will load up), before a sharp reversal.
Conversely - if it breaks down, similarly it will fall sharply and then rally to re-test the break - catching many market participants out
With ALGO trading dominating the current market, the moves will be exaggerated
Step back to see the TREES!
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