Thursday, September 18, 2014

Sept 18 - Thurs 200pm update

So far, today looks very promising for the bulls.  Not much volume, not volatile, and very range-bound.  We also have held the gap so far which is good and yesterday's volatility hasn't carried over.   The ideal scenario is a stable, calm move up.  Up then consolidation, up, consolidation, etc.

We are in a very tight consolidation zone setting up for a potential move up.

Long-term outlook:  Neutral
Intermediate-term outlook:  Bullish
Short-term outlook:  Bullish

No comments:

July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...