Hey all,
Right now, I'm looking to take long swings on the market; I'm using AAPL as my lead indicator as it is virtually 1-for-1 repeating what it did back a few months ago. I boxed an area that is very reminiscent of where we are at today. If we have an early-morning move down in the markets tomorrow, I am going to go long on the markets. I am near-term bullish(1+ week), though I remain bearish looking out long-term(4+ months) If there is no dip entry on AAPL, I likely will miss out on this move and sit in cash as I currently have been.
Right now, I'm looking to take long swings on the market; I'm using AAPL as my lead indicator as it is virtually 1-for-1 repeating what it did back a few months ago. I boxed an area that is very reminiscent of where we are at today. If we have an early-morning move down in the markets tomorrow, I am going to go long on the markets. I am near-term bullish(1+ week), though I remain bearish looking out long-term(4+ months) If there is no dip entry on AAPL, I likely will miss out on this move and sit in cash as I currently have been.