Short first time in a long time
Looking at the monthly charts of major indexes, as well as “horsemen”/pillar stocks – all of them struggling to get above TD Resistance line and time is tinning out for move higher.
DJ transports was having difficult time for a while now – not a good sign indeed.
Here is SPX chart – you’ve this one – you’ve seen them all.
P.S. Just looked at my last post as of 2/17 and glad that was sitting on my hands due to as I said “Is market about to run out of steam?” – it did indeed – was trading in the very narrow range for 3 months.
Will be keeping an eye on possible Crude Oil long – something is going on with that puppy…
Source: http://www.trading-to-win.com/2017/05/short-first-time-in-long-time.html
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