It's been a long run for the stock market. That last 12.4% dip correction was nothing compared to the growth correction that is actually due for the market. With the economy being strong right now, if the market takes another correction, it will be a battle between the bulls and bears. However, could bad debt and the inevitable show their ugly heads once more? ...
Right now LTC is strong and bouncing off resistance of the green downtrend wedge line that represents the last 2.5 months updated with the recent breakout. It's likely to do a small correction before continuing the trend up the pink channel, but I always keep my eye out for another possible full bounce downward back deep into the green wedge. I'm hoping LTC...
Based on Fib, I always like to choose a selling point below what I think the spike might hit, just in case there is not enough volume to close my trade, or huge volume ahead of me that keeps my order from closing 100%. The way I usually trade though, is that since this seems to be a downtrend, it would fall out of the bottom of the triangle, and I would not...