So, prices broke up as expected eventually. This was however news related (as I wrote earlier, this market needs a catalyst to get going).
Bulls used much steam to get higher yesterday so expect some cool down ahead (could expect pullback as soon as today), it seems to me that smart money used yesterday to get rid of positions. Yesterday was however strong and there should be more on the upside.
A “personal market feeling” is that this is most likely the last up-leg before a major correction. Let’s see if my market feelings are correct..
Disclosure: I’m still standing aside and I have no plans to enter long nor short over the next 3 trading days.
