Joined Nov 11, 2007
1,458 Blog Posts

High Tight Flags for Monday

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!

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One comment

  1. Stock Market

    I’m waitting for a pullback right now

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