Press Pause
➤ Small rebound as expected. Prices likely to remain around current levels for a short while.
➤ I remain 100% in cash waiting for the next entry signal. 0% exposure means a wait and see approach with no directional view for the time being. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Still expecting the market will have sufficient strength to re-test the high of the upthrust but end with a LOWER HIGH (LH). The LH is the last gasp of the Bulls. If the LH forms below the lower resistance level we could see a very quick sharp fall to test the lows of this year.
➤ Conclusion: Waiting patiently for the next entry signal.
➤ I remain 100% in cash waiting for the next entry signal. 0% exposure means a wait and see approach with no directional view for the time being. The maximum exposure is +/- 200%, the level of highest conviction.
➤ Still expecting the market will have sufficient strength to re-test the high of the upthrust but end with a LOWER HIGH (LH). The LH is the last gasp of the Bulls. If the LH forms below the lower resistance level we could see a very quick sharp fall to test the lows of this year.
➤ Conclusion: Waiting patiently for the next entry signal.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
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✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.