We haven’t covered much on price action this week so I wanted to give you a quick 10 minute update on where I see things.
After CPI numbers this morning and a storm of FUD stories this week we are still in a short term position of strength and setting up with some bullish signals.
In the video I talk about market structure and how it relates to past cycles and when the opportunities to buy will be. I also go over price levels that I would not like to see taken out in order for us to remain firm in our view. Finally, I conclude that this move lower should be running on fumes and next week should almost certainly bring a change if we are in fact where we think we are.
Share this post