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.
fantastic issues altogether, you just gained brand new reader. What would you suggest about your post that you just made a few days ago? Any sure bets?
Which day?