We are in one of those situations where the market can break out higher and run or it can touch the top of the down channel here and then head back down again. We are really still in a situation that is really a roll of the dice.
The market rally today was pretty broad based which would be typical of the start of a new rally leg.
Really tough to tell, I'm not going to spend too much time analyzing it at the moment because there's no way to tell.
I've got a new chart now showing the 2 possible paths, we will get into a lot more detail when this channel we are in is broken one way or the other.
S&P 60 min / 10 week;
The Stochs are getting overbought, but the MACD and RSI still has room.
GL tomorrow.
No comments:
Post a Comment