I won't even bother posting a chart. We all know that geps is at a pivotal point (that 149 area was key support going back to 1993 at least). I would expect some kind of pullback before charging higher. Plus, does anyone else see that bearish hidden divergence on the weekly? I got the 50 ema at around 164, so I'm thinking after another correction, price will tag the weekly 50 ema and then more downside loving . . .
Additionally, tax receipts will be coming in at the end of the month in the US. This should be somewhat bullish for US equities even though they will be lower then in times past. When May comes though, it will be time to sell equities and geps too perhaps. Peace.
Additionally, tax receipts will be coming in at the end of the month in the US. This should be somewhat bullish for US equities even though they will be lower then in times past. When May comes though, it will be time to sell equities and geps too perhaps. Peace.
"Don't trade to trade . . . trade to win." - James16