These charts map out my current plan of attack
Turn & Burn
Wow, THAT was ugly! Yesterday the NAZ nearly reached the top of its
descending channel at 2170 but couldn’t make it happen, so down we went. It just
happened to coincide with inflation comments from the Dallas Fed President, but
that is another topic. The point is, this market has hurdles to clear, and until
it does, the path of least resistance is not up.
This chart of the NAZ shows the descending channel and yesterday’s reversal off
the upper line.
Click here to read more and see the chart.