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.
For moron the markets, see:
- Gold Going Higher January 18, 2023
- Swing Trade Screen Picks – Whoa! Just Wait Till Next Week! January 17, 2023
- Long Live the Bear. The Bear is Dead January 17, 2023
- A Funny Thing Happened on the Way to the Debt Ceiling January 16, 2023
- Withholding Taxes Are Soaring January 6, 2023
- Composite Liquidity Still Bearish, No End in Sight December 23, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
