I was asked by a few traders about potential shorts in , today.
Not a big fan of shorting indices here. Not now!
Why?
Notice how was weak and crappy lookin all week but today it's showing relative strength and even making a higher low! Hard to short indices, imo!
Not a big fan of shorting indices here. Not now!
Why?
Notice how was weak and crappy lookin all week but today it's showing relative strength and even making a higher low! Hard to short indices, imo!
Why give so much weight instead of ??!
Because the Small caps have been the ultimate "market tell" about future direction!
Notice how made a lower high in February as made new highs just prior to the big collapse!
And note bottomed 1 week before !
Because the Small caps have been the ultimate "market tell" about future direction!
Notice how made a lower high in February as made new highs just prior to the big collapse!
And note bottomed 1 week before !
... going out on highs
... relative strength
Notice how the HIGHER LOWS played a key role in determining the future price direction in this chart...
Now smacking against first major key resistance level at 50 day MA!
This will be a great test for here!
Now smacking against first major key resistance level at 50 day MA!
This will be a great test for here!
Continues to climb the proverbial "Wall of Worry"...
With Nasdaq, , leading the way .....
With Nasdaq, , leading the way .....
Super discreet, like an Hells Angel undercover informant.... this continues to discreetly make HIGHER LOWS, somehow, someway....
