The market looks enticing to buy here, but don’t let cash burn a hole in your pocket. This is the same setup from last week. Yes, we are above the 100 (purple line) and holding so far. But we need confirmation! I know, I know… you are tired of hearing that. But look at the chart- we are at the top of the channel- and getting deja vu all over again. The good news is, after 3 highs and 3 lows, the truth usually shows its face. We need a break above the high’s of the channel, or a hold of the 100 line, to have an effective confirmation signal where we can get in- and buy everything in sight! Trust me, my trigger finger is getting itchy too.