However;
When I look back at what I've been writing about; this was expected due to the size of the stops around that 88 level and the channel. Which we just jumped back into today.
Once again though. I always have concerns and I really don't trust this market.
- Gap up over a bollinger band on the daily bars.
- At the upper band on the weekly bars.
- Fundamentally overvalued
- Structurally questionable
- Central Bank Policy induced.
- No large volume spike on upside
Charts:
We are at/in upper channel; barely. But we are there; albeit on extended circumstances.
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