Yesterday we witness the start of another leg higher on the indexes. It was a pretty clear cut move up and it's hard to find a reason to suggest it won't continue short term. Although I harbor doubts about the long term viability of the move and the higher we go the hard we fall kind of thoughts, short term this market is talking and it's talking in a bullish tone still.
I'll look to work from the long side as a result and hold off on any shorting ideas here unless something quite wrong develops. It appears that those targets a stones throw away are now in play and they are to be tagged before we are done on this move.
I'll look to work from the long side as a result and hold off on any shorting ideas here unless something quite wrong develops. It appears that those targets a stones throw away are now in play and they are to be tagged before we are done on this move.
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