Nothing has change on this chart over the last week.
This correction is far from over and could take a good few weeks, if not months, to complete.
Use all the rallies to take profit but keep a core long as the major trend/cycle is up.
Let the market come to you, and don’t chase it, as dogs that chase cars end up being run over.
If you are lucky enough to see a move sub $12.40 (November 21), own it for the LT.
This chart is not in great nick and could look to close the gap and still have a H&S play out.
For those who bought sub $13.58 use a move over $13.65 to get out and take cash!
I do feel that this chart needs another leg lower in the next 8 – 14 days.
The market printed $1.44 intra- day and traded well over our target at $1.34, but only closed at $1.1956.
This chart is now super ugly and we will be staying well away for a few weeks.
Can’t really find anything new!
The trend is well intact, and we are happily long at 46%, as we feel targets will be north of 50%.
Let’s see how my “buy and retire” ages. – looks effortless, was super tough, and will pull this next week.
The road map is still intact until further notice, but all the dips are buying opportunities!
Momentum traders, good luck with this one, and all I can say is wait for the deep pullbacks to get long.
R7000 – R6600 should provide some outstanding support and would be the buying opportunity of 2021 IMHO. –
The road map is still intact until further notice.
I don’t trust this market and would definitely use strength to price.
I would not get sucked into buying bullish momentum, and patience is the key here when needing to buy!
I don’t like this chart overall!
#No Change in commentary.
The correction seems to be playing out as per the road map, and I would profit from the rallies until further notice!
I feel that this correction will play out over many weeks, if not months and that waiting for the market to come to you is the key to putting together a decent long position at the proper levels.
Sub $0.50 is still on the cards.
I feel the correction is over and that all dips are buying opportunities.
I still love this chart and believe being long will be the best ST win!