Markets imitate life, life imitates the balance between good and evil.
We walk forward into Q1, current market structure, sentiment and timing.
We walk forward into Q1, current market structure, sentiment and timing.
Comment:
Not having a pull back in the last several trading days has started to put us into overbought territory. The correction might come sooner...
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The trend reversal is building and 1 hour resistance has been leading the action.
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Here is the 1 hour resistance that I have been using to make good short entries.
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One 1 hour sell signal has re-materialized from after a double top
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The top continues to build and the Iran news was the catalyst we needed.
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Daily support broke , this usually is a signal
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We tested and held our major trend.
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This market may have just gotten started. I am targeting 3380 for January.
Comment:
My initial break out call and prediction are playing out exactly. Sometime you just need to stick with your first call.
