Nothing has happened in this market but a solid week of ruthless grind. For every rally there is a seller who perceives opportunity, for each liquidation a buyer. Three neutral prints in five days, oh my.
My bias flipped to medium bear on Wednesday morning after being neutral Monday and Tuesday. Starting the day Thursday my bias was even lower, the lowest it had been in weeks. However the market performed a thorough exploration of lower prices, the cycle showed signs of completion, and we seem to be starting the corrective pattern up to close out the week.
I know it is difficult to stay long into the weekend, what with the holidays you want to enjoy, wars on the horizon, and hurricanes threatening our distant territories, but now is not the time to be meek. The bear is on his heels again, in this battle for market dominance, and they will be put to the test. All of the labor and sweat must now be channeled into brazen courage if you want to grab the golden key.
A big gap up Monday, to start the week, how frustrating does that sound? A month worth of indecision, melted away, by a hot market gap, oh the humanity.
I’m staying, finishing my hot coffee (no iced), because good citizens fought so I could enjoy this little slice of freedom.
Drop by over the weekend, won’t you? Let’s discuss theory.
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