ajtj99's Market Pulse

[ajtj99]

Yes, but there are some important things happening here. BTK made a new high, RUT made a new high, SPX and Dow are near new highs, and the NDX is above the old double top at 1507. The next level of resistance is around 1519, the bottom of the first wave down. Furthermore, if the COMP remains above 2083, it's positive.

This is not easy here, long or short, JRI. Only my experience in being burned on days like today has kept me from being shaken out of positions. The bullish harami set-ups from yesterday are also in my mind.