Trading Teams
Trading Teams
The spoos just enjoyed a nice drive higher after managing to breach that hourly NLBL and the diagonal resistance I had pointed out this morning. We expected a jump from there and this is exactly what we got. You’re welcome. Now we’re back at the gates of hades separating the bulls from continuing the effervescent secular trend higher:
As you know our short entry was taken not too far from here and odds are pretty good that by the time you read this our stop above 1770 will have terminated this part of our adventure. However it now may be time to trade teams – a move higher after 1770 has pretty high odds as there is another technical entry that may trigger today. Please step into my lair:
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Our threshold on copper was breached yesterday and if you went short you’re probably smiling right now. Projected target right now is 3.06 where the lower daily and weekly Bollingers line up very nicely right now.
Sorry for rushing this post but I had to get it out in time for the 1770 breach – and I barely managed to finish it 😉
Cheers,
