I'm confused. The major trend on the weekly chart is DOWN. Only the daily chart trend is UP and that cup and handle you see could just as easily be a double top. So, once again, we do have conflicting signals and rather than second guess the market, I prefer to be in a cash profit position and wait for a more opportune time to reenter the market.
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.