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Strategies & Market Trends : Wolfgangrene's charts

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To: wolfgangrene who wrote (2824)2/25/2016 2:58:39 PM
From: The Ox  Read Replies (1) of 3976
 
Pretty sharp 2 day move up, no surprise to me that there would be some "profit taking" as it hits resistance the second time in 3 days.

Not sure if the market is ready to blast above this level or not? I'm with you, on the neutral side until we see which way this resolves. Up appears the most likely but the market loves to fool us!!!

If it backs off here, tonight all the bears get to say lower high made on this move...it's all over...down we go....
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