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90 Days in a Trading Range and Everybody is Bulled Up 1/23/23

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

One two three two three says it all.

Today’s the day of the dance.

Lately we’ve been on a dancefloor of 3900-4000. And this morning, we’re stuck in the middle with you.

Hardly a sign of movement.

Still, a 5 day cycle projection of 3990-4000 hanging out there. But 5 day cycle oscillators are in the top zone. So we may see the projection hit but, again, no sign of breakout.

Time will tell. My trading positions 100% long (a sure sign that the top is here), but 75% cash. Looking around for shorts, but I don’t like the setups. Non committal.

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