The short of a lifetime?
The angle on gold
While many of us are short this market, we must be honest with ourselves and ask - "is there any real reason to believe that the S&P can't go higher?" Will we ever again see S&P below 1800? Hard to imagine that we don't have a pull back soon, but the black channel stands strong.
Seems too perfect - most likely is Still it fascinates me....
I have never used these tools, but i will attempt to trade on the green and red zones.
Short term long - Long term Short Watch for lift off on the bottom RSI rail before any long term money is applied.
Likely a test of the blue center line before re-testing the bottom red rail. We will bounce off the bottom green rail at some point.
The Fib lines seem to loosely match changes in sentiment. Could this be sell in May and go away?