Replies to post #136171 on ajtj99's Market Pulse

[ajtj99]

Yes, we should top today, although there is also a possibility of a more shallow retrace, and extension up, then a deeper retrace.

Either way, we're getting pretty overbought in the longer intra-day time frames.

[frenchee]

Hello Gizmo,

Good to see ya posting again...

The retracement next week will be an excellent long-term buying opportunity as the Risk/Reward ratio is now in the bull's camp. See the nice set up going on in the below chart and also see the state of some key technical indicators I follow at #msg-33835964