Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner.
Heat, 1995, Dir: Michael Mann
Market heats up and the Bulls take control again in late afternoon trade to close the week in style, and remind us that this is a bull market, baby…
Expect the choppy and toppy grind away higher to continue until we get a cover signal.
We have an important peak projection for a high scheduled for 28 February inline with the end of the Large gray Election low T structure (+ possibly 1-2 days because the oscillator low is 2 days prior to the price low, and we have seen this reflected at previous peaks in the T structure).
We also have an important Echo high sheduled for 2 March.
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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.
