Weekend Thoughts - Bring On The Next Narrative
Monday's vaccine news sent shockwaves through the markets.
This was the moment.
The news everyone had been waiting for. Instant euphoria.
Guys, Look. Russell 2k futures are limit up.
You what? Limit UP?
YES. This is IT! The great rotation has arrived.
Is it finally time for the laggards to shine?
The charts are inconclusive.
After the impulse move, we've seen consolidation around the 2018 high.
Purely on a technical basis, it looks like a failed breakout.
Some would argue that this is merely a pre-breakout consolidation.
Has anything actually changed?