Markets continue to be engaged in a very subtle battle for control. Having just witnessed another minor pullback of 5% or so here in May one can certainly argue it’s business as usual in 2021. New highs every month, some smaller pullbacks in between and then off to new highs. Basically the
The latest pullback however came at a point of a critical pivot: The 2020 trend. Would it be saved again, or would there be technical damage inflicted that could foretell a long overdue correction to come following the largest rally of our time?
For context I highlighted the critical junctures of this battle in a video last week: