Although I am leaning toward the sideline, I will not be shorting the market at this juncture. The upside momentum is simply too strong when the market decides to move higher.
SP500:
Tuesday, February 8, 2011
Where To?
The market continue to move higher and putting lot of traders on edge, myself included. Many traders are probably asking the question "Where to?" One possible answer for the SP500 is 1352, the measured move of the bull flag.
Although I am leaning toward the sideline, I will not be shorting the market at this juncture. The upside momentum is simply too strong when the market decides to move higher.
SP500:
Although I am leaning toward the sideline, I will not be shorting the market at this juncture. The upside momentum is simply too strong when the market decides to move higher.
SP500:
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