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I definitely agree with your analysis, and to be honest I think we will break 1400. The US Dollar is looking stronger, and energy is actually starting to look a little weak. All of this has been setting up the markets to pop, but as I've said my rules won't let me buy until we break that resistance. Once we break it, I am all in.
Should get interesting in the next week or so. |
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Using charts that everyone else is watching could put you behind in trading.
The actual breakout occurred on April 16th and was tested on the 22nd. Be careful going all in when
the crowd sees fit. Of course the move up could be very real , but it is too early to tell for sure. We will be approaching a previous top in the future to challenge.
erie