Wednesday, February 11, 2015

Green light

I will be out of the office next week.  So be careful of this market.  This market is weak and looking in trouble.  We have been going sideways for months now.  Don't expect it to change over the next week.  Keep your stops close and take profits fast.  If we drop below the trend line we will move to a red light.  If the gap fills, look for a bounce or a retest to get in long.  If it breaks the bottom of the gap look for a short to the major support line (blue box) and the 200 EMA (red line). Look for a bounce their.  If that breaks, we will go down, possibly very fast.


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