Market Is Not As Bullish It Seems

By All About Trends

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Now take a look at where the indexes are before you cave in on your short positions IF you have them. The last few days we've been saying: Could it B? As in the B Wave Sure looks like a bunch of B's.

Now for a zoomed in view via the 60-minute time frequencies. Watch the red line resistance (Blue A) zone which when all said and done COULD end up being a Double Top and of course an ABC up of the Red B wave. We'll touch upon what would happen after that should we continue to follow the script the market currently is following this weekend.

Bottom line is resistance isn't all that far away.

Dow daily looks to be very close to resistance. RSI 60 could be another line in the sand to watch.

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