I still say this one could go either way, but the market is starting to show a clear bullish
preference based on the ascending triangle
we appear to be in. A break above recent highs would create a good long opportunity and a break below recent lows would break the bullish trend
and confirm bearish
targets outlined on the chart. I'm marking this idea as "long" because there is simply no denying the probable outcome of the ascending triangle
. When it breaks, the volume
will come so I expect it to be a relatively strong move either way. For now, though, I'm actually pretty impressed that the bull
market hasn't let up, even though I was kind of hoping for a move down first.
Oh, well. You can't trade based on preference if you expect to make money.