stelakis

consolidation ahead

Long
SPCFD:SPX   S&P 500 Index
153 views
2
We have entered a consolidation phase; when the BB close together we will have to wait to see what the action is. ...there is a chance that we may touch the middle BB and then simply bounce off again. The market has not shown an appetite for cashing out particularly as the earnings are coming in...no new money to be put to work yet....

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