Stock, Option and Futures Trading
Timing Kicking In
July 22, 2011
From a few posts back we were noting how the market was in a very important time window to make a big move. It was time resistance but it is when resistance is broken in a bigger uptrend that is what starts the new leg up.
If the breakout to the upside holds today it could rocket the market higher than most people think. Think of how many people are short here trying to pick this top? Think about what happens when those people cover and maybe even reverse their position.
In all of our posts the last few months we have been saying the pattern is still up and still bullish that is why we played calls and are still in some calls.
The close today will be important.