The Rally ISN'T Over.
@TBITrades：
The stock market rally that has taken retail bears by surprise is NOT over yet. Here's why I think that is the case: Consider SPY's daily chart. As you can see, since we made a short-term capitulation style bottom at 348, we have been trading in a rising wedge pattern that is reminiscent of previous bear markets. We have seen higher highs and higher lows in the pattern. It is interesting to note that since the start of this year, we have been trading in a secondary ascending channel within the broader wedge pattern. Bullish divergence has continued to form after Friday's trading session. While we made higher lows on the daily, the 14-day RSI indicator was making lower lows. This suggests that rally continuation is inbound. By the end of this week, I am expecting the ma