sp'60min
Summary
So, a 4th week higher, and one which will further increase the level of annoyance and frustration for those on the bearish side of the fence.
*I would agree with anyone out there that we are massively overdue a correction, but if my primary count is correct, then we'll be lucky to see 2-4% in the next down cycle, which in my view is generally pointless to attempt to trade.
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Having exited an SLV (short) very early this morning, I am content to be on the sidelines, especially across the weekend. Oil/energy sector longs look to be the play for next week, and across the summer.
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Finally, thanks to those who commented this week. Ironically, I remain the counter argument to many bearish posts. What a twisted world it is.
Have a good weekend
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*the usual bits and pieces to wrap up the trading day, across the evening.
**next main post, late Saturday, which will be on the US weekly index charts.