When price does not respond to news as expected, and the pattern is not clear, best to not trade is my rule.
And yet, I am almost fully short with the qid. dumb and dumber.
IN many ways, the pattern is easily a top, but there are also examples were we can go another 3% higher first, before another 3% correction.
Not enough exuberance to call a top, but still.....
Bottom line: I can't do this and have a life, so am not watching in the day for now. I do see a small pullback this week, maybe 1 to 2% at most, and then higher prices for now. NOt sure if it is all about helecopter ben propping up prices, or the market sees something I dont.
Dont let trading ruin your happiness.
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