Cause maybe this holiday season her boyfriend is going to feel flush with his IRA holding up and even a few bucks in his pocket from some flashy trading. NDX is making a move to break the diamond.
Markets are obviously holding critical support and if they choose the northerly direction as the diamond breakout implies, this is going to get exciting over the next several weeks or couple months. And not necessarily just for the bulls. Focus will now shift to GSR, USD, bond spreads and all kinds of other fun stuff to see if there is not a nice short entry coming up.
And yes, I wrote some big picture bullish things in NFTRH160. But as things stand, in my opinion the risk vs. reward ratio on the broad markets degrades rapidly the higher this market goes in the short term.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Markets are obviously holding critical support and if they choose the northerly direction as the diamond breakout implies, this is going to get exciting over the next several weeks or couple months. And not necessarily just for the bulls. Focus will now shift to GSR, USD, bond spreads and all kinds of other fun stuff to see if there is not a nice short entry coming up.
And yes, I wrote some big picture bullish things in NFTRH160. But as things stand, in my opinion the risk vs. reward ratio on the broad markets degrades rapidly the higher this market goes in the short term.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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