Stocks are enjoying their best quarter in seven years. But with one long month ahead, one chart watcher sees trouble coming.
div > div.group > p:first-child"> But with one long month ahead, NorthmanTrader founder and technical expert Sven Henrich says this sky-high rally is about to hit some air pockets.
"At some point these patterns get too extreme and then something triggers it, volatility moves higher, and then we break to the downside. So you saw that obviously in February 2018, we saw that in October of 2018 as well," said Henrich."This rally here now is actually even steeper than the ones that we've seen, partially because we've had the extreme oversold readings from December.
Though the Dow is slightly lower for this week, it ended last Friday with its longest weekly win streak since 1995.
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