The market is in a neutral area right now. I am expecting more of a pullback, but quick glances through some breadth scans don’t provide any firm evidence as to which direction the market may take over the next few days. Until we have more evidence, I don’t see any reason not to keep watching these high tight flags.
$IMH has been a huge winner for the high tight flag traders.
My charting software gives a different chart for $USLV, but I’ve posted it anyway because it still looks good.
Have a great trading week!
One Response to High Tight Flags for Monday
I’m waitting for a pullback right now