I underestimated the strength of this market when I stated that we'd be in chop mode from 1156 to 1182. With higher highs and higher lows after hitting 1156, it is not a top formation but a continuation of the uptrend. The dollar has resumed its downtrend and last week was just another mini-scare before going to higher ground. Today, I don't expect a big up day but I do expect us to be trading close to 1200 later this week. Still no rush to short.
No comments:
Post a Comment