Reverse Head and Shoulder in the 30 min

12 Mar

With a 1 day RSI of 31 and a reverse head and shoulder forming, this market technically wants to go higher.

The question is what will "you know who" say tomorrow?

I'm calling a dead cat bounce, that gives us an opportunity to buy some April puts.

14 Mar

Not

New news that "you know who" still wants to take Canada, Greenland and the Panama Canal overrode the charts.

It's like a poker hand, a flush always beats a straight.

And news, always beats any technical indicator.