Tuesday, February 25, 2014 3:31:15 PM
$SPX - $1843 - We Are Here - Pause to Refresh?
Sometimes looking at the charts help to remind us of where we are. Let's remember just a few weeks ago when the "end of the world" correction peeps were out in full force.
We rallied hard since then. However maybe its time to take a breather? Just some caution to anyone who is interested. You can see on the chart, I circled the last few times of the past year where the market reversed off of a long wicked candle.
Today was the day I thought it would be, which is little up, little down. IMO market is pausing, I've been selling my holdings when I could and am going to watch a bit before entering again (unless something fantastico comes along).
The market may continue up. I believe overall we're still Bulls. Just good to take a peek around and take it all in.
Sometimes looking at the charts help to remind us of where we are. Let's remember just a few weeks ago when the "end of the world" correction peeps were out in full force.
We rallied hard since then. However maybe its time to take a breather? Just some caution to anyone who is interested. You can see on the chart, I circled the last few times of the past year where the market reversed off of a long wicked candle.
Today was the day I thought it would be, which is little up, little down. IMO market is pausing, I've been selling my holdings when I could and am going to watch a bit before entering again (unless something fantastico comes along).
The market may continue up. I believe overall we're still Bulls. Just good to take a peek around and take it all in.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
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