It is no secret that I’ve had a Bearish bias on the overall market. But the facts are; we are above the 200 SMA, above the Ichimoku Cloud and just broke above the sideways wedge formation that the market had been in for several weeks. This is Bullish, that is the reality.
And we need to trade the current reality of the market – and I am. Even if reluctantly.
Check out the latest video for next potential resistance levels and the overall analysis of; The S&P 500, Gold and Oil.
As always, I welcome your comments and feedback. Please post them on this page!
Take care and trade safe,