Couple of days ago, we had a picture perfect setup and we have the same today for another short term rally. This rally can pull around 100 points on SPX. But as usual we take some profits on the way and then have stops to protect ourselves.
For people who follow Larry Connors RSI system, there is that 2 day RSI also in the extreme level.
Remain in Cash in 401k and IRA acocunt. Let the volatility subside before you commit long term capital.
For people who follow Larry Connors RSI system, there is that 2 day RSI also in the extreme level.
Ticks started ringing the bells too.. when we got the breakout above that hourly doji..
Remain in Cash in 401k and IRA acocunt. Let the volatility subside before you commit long term capital.
1 comments:
Nice analysis.
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