Monday, February 11, 2019
Week of February 11, 2019
KISS is on the agenda for the week. It just seems obvious we will need to retest that 2739 before anything more dramatic is going to happen. On Friday we were able to tag one of the lesser profit targets for the short that was in play. It seems the 2018 playbook is still in operation where ya run the longs, then the shorts and make a healthier decision on direction. Opex happens to be this Friday so I believe it is intelligent to let the chips fall where they may. This has been a helluva run and I can't ignore how overbought the MACD is. It is at the highest level we have seen since January 2018.
I copied over the the channel from Jan 2018 high to the Dec low and drug it up across the Oct high
Posted by 200ma at 6:16 AM