Really appreciate all the comments and advice! Keep them coming, as those contrarian ideas keep me wary and force me to be more picky in my entries.
Quickly will run through interpretations of technical indicators I use, and will not be providing indicator descriptions due to time constraints.
For those curious, very uneventful week - sat on the sidelines till today & then entered a vertical call spread.
--Let's go!--
Current trend - Bullish
Moving averages - Bullish
Trend Line
McGinley Dynamic - Bullish (The McGinley Dynamic Indicator takes into account speed changes in a market (hence, "dynamic") to show a smoother moving average line.)
Awesome Oscillator - Bullish Momentum
CCI - Overbought
Z-Score - Bullish
Vortex - Bullish
Stoch - Bullish
RSI - Bullish
MACD - Bullish
CMF - Bullish
Ich - Bullish
Coppock Curve - Bullish (Slowing momentum)
Thanks for reading guys, good luck trading. I think we will see 2900 next week. Profit taking Monday morning? Gap up? Gap down? Let me know what happens next?
Here is an add on the dollar/gold - please be sure to check this out as well! Kind regards & Happy Trading!!