There is a possibility that we stay bullish here since we did make a NEW HIGH. News comes out next week that can play a bit of a role As well we need to stay vigilant of all price action.
- Keep in mind that we are in an emotion cycle of the market so trends aren't as certain
- The institutions are selling off immensely while retail traders are at top notch buying according to the wall st sentiment indicator
- We also have a pretty big chance of seeing price retrace back down to the $400
- keep an eye on where price goes from here as it has been CHOPPY these past couple weeks
- Follow the trend and don't get stuck on the wrong side
- as of now there isn't really a side so We are staying as cash as possible
NEWS EVENTS COMING UP:
02/12 - nothing important
02/14 - CPI DATA, core CPI @7:30am
- FOMC member logan harker and williams speak at 10:00 (not as big, but something to pay attention to)
02/15 - Core Retail Sales @7:30
02/16 - PPI data @7:30
- Keep in mind that we are in an emotion cycle of the market so trends aren't as certain
- The institutions are selling off immensely while retail traders are at top notch buying according to the wall st sentiment indicator
- We also have a pretty big chance of seeing price retrace back down to the $400
- keep an eye on where price goes from here as it has been CHOPPY these past couple weeks
- Follow the trend and don't get stuck on the wrong side
- as of now there isn't really a side so We are staying as cash as possible
NEWS EVENTS COMING UP:
02/12 - nothing important
02/14 - CPI DATA, core CPI @7:30am
- FOMC member logan harker and williams speak at 10:00 (not as big, but something to pay attention to)
02/15 - Core Retail Sales @7:30
02/16 - PPI data @7:30
