Breaking away…

Posted on Jan 04, 2018 by in Letters

 

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr LD=0&mn=6&dy=0&id=p70142979615&a=266398464

These are stong buying signals.  We are buying more UPRO ($spx) and QLD (QQQ)  At the moment there is no defined resistance overhead. We think the last thre wavelets here are constructive to the trend.

And, also (!) the state of the parabolic wave is murky, but always present.  Don’t overtrade.  As we were saying, don’t overtrade but be prepared for a surging market.

Leave a Reply

You must be logged in to post a comment.