Poking Through | Bulls on Wall Street

Poking Through

 
 
 
 
 
Market has broken through upper band (im not big on indicators but they are nice to point some extremes)
 
as you’ve seen in the past. The break of the bb leads to some violent snapbacks.  Will it this time that remains to be seen but be ready for it.
 
Coupled with market being overbought (stochastics running 90) and at a resistance level SPX 1180 zone.  this doesnt lead to high probability situation to add swings unless we pullback or relieve a bit of tension.
 
______________________________________________________________
 
take some profits lighten up. thats what i will be doing…if we pullback it mihgt only be .5% who knows..not sure we get a big dip. might be just flat for few days.
________________________________________________________________
 
 
 
 
BEWARE OF THE FRENCHMEN WITH THE LAZY EYE

Leave a Comment