A brand new week.
Stealing a peep at the sp500 I see a candle on the daily pointing to some profit taking. We have had a meteoric rise from the 1100 area in this instrument and it might be time for some profit taking
Stochastic is overbought and turning
Price action kissed the 100sma and it was repelled
Lets wait and see....
All bears out there (including myself) need to trade what we see and not what we think...
Olu
Stealing a peep at the sp500 I see a candle on the daily pointing to some profit taking. We have had a meteoric rise from the 1100 area in this instrument and it might be time for some profit taking
Stochastic is overbought and turning
Price action kissed the 100sma and it was repelled
Lets wait and see....
All bears out there (including myself) need to trade what we see and not what we think...
Olu
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Find a trend and milk it for all it is worth. That's how to be profitable