The market continues to exhibit a strong bullish bias. Small pullbacks are bought. Any attempts to start a bigger correction are met by headlines. Nevertheless, one can observe the harmony in those movements and predictability of projected targets. For people who wants to shorts those opportunities are there. The market, through its price action, tells exactly where to do that. Don't initiate a short if the message is not clear. Despite negative divergences, which are only indications of slower momentum, the market can continue its upside journey. The backdrop that fuels that move has not changed.
Stay nimble. Longs are less risky.
Tomorrow is Friday. There is a tendency to mean reversion. 8210-20 is this week point of control. Let's see if the prices ends the week by retesting that level.
11/7/2019
Stay nimble. Longs are less risky.
Tomorrow is Friday. There is a tendency to mean reversion. 8210-20 is this week point of control. Let's see if the prices ends the week by retesting that level.
11/7/2019
