EXCERPT indices gapped up, ran hard, consolidated and then moved higher in the afternoon, closing at the highs for the day going away in a very bullish start to the week and strong extension to the 2-month rally. The rally is now probably getting too far away from the moving average on the hourly charts, and I would expect a potential turnaround Tuesday tomorrow, but until momentum is broken, this rally keep rolling on.
Trade at YOUR OWN: Risk, DueDiligence, RiskTolerance. Trading Responsiblity is Totally Yours! You are Spending Your Money, no one elses! Be Wise, Be Thinking, Be Deliberate! Be Lucky, Chichi2
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.