Quote:
Originally Posted by Vanity
Not sure about you guys but, in my opinion, now would be a good time to lock in the profits from your longs. It's about to become deja vu all over again soon. We hit 1430 region on ES and have not come anywhere close to that since, signaling a top is most likely in place. 1400 is now turning into resistance again. Will be interesting to see what happens. Even if job numbers are good tomorrow, that means no QE.
Bull markets may climb the wall of worry, but bear declines slide down the slope of hope.
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agreed we have been having lots of side ways action since breaking the 1400 barrier. Now that we are back underneath there is some definite resistance whenever re-approaching.