$8000 Target Reached! Now Long???

27 Eyl 2019

I'm going to be completely honest with you, I have no effing idea what happens next. At this point, I am operating purely off of intuition. Technicals are great. We like to believe that they give us a good probability of what happens next. And I did use technicals to predict this $8000 target (see my last few posts). But really, when it all comes down to it, technicals are just that; they are merely indicators, historical markers that show us statistically what the market will probably do next. I don't know what the market does next here, but I'm betting that we start heading up. There are just too many bears in the water right now. I think it's time for the whales to feast on some bear meat.

That's all I got today.

Happy trades all.