unless it changes today…
This whole “is the Fed going to raise rates” has created a curtain of uncertainty for a long while. We have been at these levels in the S&P recently and have been slammed back to earth every time.
That is just no fun.
I like to make money when I hit a trend and leverage my way up, as opposed to sifting through the carnage of equities that can’t seem to find support at any level.
208.50 in a conundrum for me, its not a BTFD play, it feels “toppy”, but sure as the day is long, we could be seeing 215 shortly.
Its 9 am so I need to write this quickly.
I am going to open my position with 25% of my usual initial purchase.
I want to see if we test yesterdays highs.
I am not in any hurry, I may not do anything.
Hope that helped.
Raining in DC, making Chili, walking the dogs and playing Yo Yo Ma Christmas album.
Have a great day unless you are Martin Shkreli.
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What metrics were you using to determine this “uptrend confirmation”