|
we will hit either ST or IT top very soon...MCO and momentum indicators suggesting as such...hedging my long positions with short positions now.
mkts will sell off soon to reset momentum indicators.
negative divergences appearing now.
All longs need to be cautious now...my suggestion is to peel off some longs if you have big gains or to hedge appropriately if you want to hang onto long positions...but big picture still up...but could get ugly for few wks to a month.
|