All in all the market is in another topping pattern. These aren't easy to time ,but some things to keep in mind. If we go down Thursday and Friday of this week then we have Mutual Fund Monday. We have a full moon on Sunday which means we should go long on Monday.
Monthly Charts- Fairly typical formation of a top
Weekly Charts- The power of Bulls is extremely weak, and HORRENDOUS bearish divergence is forming
Daily Chart- We have a tick down on the MACD and Force index on Wednesday. If today Thursday their is an up day i will open a large short position.
Currently i am still long:
UUP
TLT
VXX
BGZ
BIDU Puts
ISRG Puts
USO Puts
Short:
Spy
RIMM
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment