I haven't loaded up on longs as I'd like to see happen, the risk I have taken is commensurate with the divergences I see.
It wouldn't surprise me to see the market pull back a bit from here and do some more work as the divergences late yesterday were stronger than today so I'm going to wait before adding anything else, if I miss the bounce, I have some exposure and I don't regret it.
Otherwise, I suspect we'll be seeing some downside near term intraday and that's where we have the window in to the market to see if there's additional, stronger 3C positive signals.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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