OK 2390---that's enough upside for just a bit. Let's cool down and regroup. I don't care if we head higher right now, but I would rather have it...
Ok, we have now crossed above 2387---the key now will be follow through which I believe will happen
This area and 2500 should provide resistance on the way back to the 2530 area. The first order of business though as I stated earlier is to crease...
I am calling for this move to get us back up to the 2530 area eventually (perhaps quickly) and that is where the rubber meets the road.
As it stands now, with no follow thru selling yet, it's a correction. Could be classified a bear market at some point.
Cash now signalling long on a very short term basis. 2 or 3 days.
Made a correction for you as it stands now. "18/19 was not a bear market, merely a correction"
We'll need to get above 2387 and have follow through to get this short term downcycle busted for a while. Whether or not in a bear market remains...
Out at 2356.00 for 9.5 pt gain
Long 2346.50 Initial stop 2315.00
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