Hi,
The bearish view is we have been making a r shoulder of a h+s and each day we have made a lower high. 2900 is critical ground for the market right now.
My positions are net short. But I have to consider that if we break above 2900 then it is likely as what the ma's are confirming that the uptrend is in play and we can go for new highs.
Alex
The bearish view is we have been making a r shoulder of a h+s and each day we have made a lower high. 2900 is critical ground for the market right now.
My positions are net short. But I have to consider that if we break above 2900 then it is likely as what the ma's are confirming that the uptrend is in play and we can go for new highs.
Alex
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Check out my DOW idea. I am feeling bullish now.