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Sunday, November 8, 2015

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I expect the markets to continue to climb this week

9:42 PM    No comments
...baring any bad news. Why do I think this? Because of the technical charts:

As you can see all the indicators are showing upward continuation. However the candlesticks have shown a reversal several days ago and we have been wandering downward ever since. So to combine these signals I think we are going to wander downward a bit, but then continue upward in the big picture after 2-3 days of sideways/down. In other words, Im not selling my put yet, Im going to wait a few days.

Tradinginsider

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