After a huge rally over the past 7 trading days, we are near the all time highs, with plenty of resistance between 1840 and 1850. This is a natural resting spot to consolidate the strong move, and then blast higher again to new all time highs. So the plan is to buy dips this week, with the plan to sell a new all time high next week or the first week of March. With China stabilizing, and the BOJ willing to do more QE, the coast is clear for the next few weeks.
In other markets, natural gas is squeezing again, and if it can get to $6, it will be tempting to short for a trade.
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1 comment:
We will make a high tomorrow. Next low will be 3/28 which will take out the 2/5 low.
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