On the tailcoats of a surge in consumer confidence and a quasi China trade deal; equities should push higher from here... I HAVE NOT TAKEN A POSITION... I am watching this chart closely as I believe the current push higher could end at all time highs... Following that, an ABC correction is likely that could end at the bottom of the current ascending triangle displayed on my chart... Another touch of the triangle will have me interested in going long (probably via calls)...
As of now I exited silver for a small profit (trade tensions subsiding) and still deep in Litecoin (expecting a final capitulation soon)...
I recently opened a position in MOS... an American agriculture firm that produces for Asia... with China announcing they will begin buying agricultural products from the US I am expecting MOS to propel higher... likely in tandem with equities...
Thanks for checking out my idea! I encourage you to follow me on tradingview!
As of now I exited silver for a small profit (trade tensions subsiding) and still deep in Litecoin (expecting a final capitulation soon)...
I recently opened a position in MOS... an American agriculture firm that produces for Asia... with China announcing they will begin buying agricultural products from the US I am expecting MOS to propel higher... likely in tandem with equities...
Thanks for checking out my idea! I encourage you to follow me on tradingview!