After trianlge completes, look for another corrective structure. If the corrective structure is down, then this means the trend is still up. The corrective structure will probably last only 3 to 5 days.
I think the Market is over-valued. I'm on HOLD for this market, until I see prices return to reasonable values.
I think the Market is over-valued. I'm on HOLD for this market, until I see prices return to reasonable values.
I'm hoping the 200 moving average smooths out all this "non-sense" and provides a long-term direction to this market. Too many impulses lately, to make sense. I realize its all about interest rates and bond prices.