01/20/2024 Weekend Update

[Cobra]

Up 2 weeks in a row, the next week has 54% chances to close up, 75% chances to make a higher high.

So more UP!

[te_fern]

Over the weekend, please take a moment to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

[JFR]

SPY daily.

Blue sky.

All systems go. Sto, MACD, EMAs, et cetera.

''Alles in ordnung,'' said James Bond just before making his escape.

Should be long, in your preferred time frame, with your plan.

11_OHMSS_IF_Cover_alt_02_sx7dpy.jpeg (23.96 KiB) Viewed 625 times

[BullBear52x]

From"It is what it is department" easy time ahead for traders? never be such time. LOL. Trend following is laughing to the bank.keep it simple as long as you have a gut to follow what you know when the entry arrives with a stop, and kick back. Stops are in....Emotions are out!

Swing setup: dips will be bought.
Intraday: dips will be bought unless we have a reversal under 38.2%, same playbook.

Now lets move on to more advance level, the hero act.

Big picture, bulls are not out of the woods quite yet, would we be in the green on $NYMO already if it is so bullish? caution!

We are over bought enough to think that relief rally pull back is due. using simple B% as example. a reversal under Friday's high will put the short term on it, so, the key on next week trade is Friday's high level, simple line in the sand. up or down. keep it simple. trade well, Peace!