The market is back at the top of the channel. The last time it was here I published the belief that the market was going to fall, and fall hard. The next day the SR debacle occurred.
(Some feel that was just a coincidence...)
Now, I am not so sure. I did not expect the market would get back to this trend line. But it did.
There are lots of indications that this market wants to go higher. In any case, imho, this line is a clear signal either way. If we get a close above this line, I am going long.
(Some feel that was just a coincidence...)
Now, I am not so sure. I did not expect the market would get back to this trend line. But it did.
There are lots of indications that this market wants to go higher. In any case, imho, this line is a clear signal either way. If we get a close above this line, I am going long.