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ProfessorBen

8,051 Posts.

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01/07/21

10:24

Post #: 54199682
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Originally posted by TheFadz: ↑

Last night's song & dance was to get the Dow above my bear top
Which it did
& closed there (although 1 day could still be deception)

However based on last night's data, US markets still looking like they're headed for a bumper July
All my indicators are showing their momentum heading in the right direction & have room to go higher still

Unfortunately still have mixed data as the FTSE failed to reclaim 7085
Could just be tightening that spring before they take off (or just covid panic atm)
If the FTSE continue to range trade sideways away from their highs over the next month, we could do the same (or at least the next few days until cases come down as they may end lockdown early or minimise restrictions)

But I can't see our markets making new lows until the others do
Still looking for the long today but if it fails to hold, it's swing trading again

Remember to trade the numbers & don't let our bias influence our decisions (like I keep doing as I try be a hero & go for those reversals too early. haha)

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" I try be a hero & go for those reversals " !?

XJO Value at posting: 7,313.6
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