XLK / XLP

today, the market opened ABOVE our target zone and on a weekly basis we need to see if CLOSE above this level on Friday … folks, the sentiment indicators are thru the roof and nothing like anything I have ever seen before …. that being said, the market is ALWAYS right so we need to respect this opening. in parabolic emotionally fueled runs it’s always good to WAIT for the signal reversal candle …

I have a feeling we will know when the goose is cooked.

keep charting!

Bart

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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