So…here’s a couple close ups of today’s action.  I promise, I have not moved any of the lines I have shown you previously, including The Big Red Line from yesterday’s post.  The first is a half hour chart, and zooming in even further a one minute chart.  I’ll just let the pictures speak for themselves.  What will happen next?  Hard to tell…might pop up into the this new middle channel and then pop out into a very bullish longer term channel, or it might pop back down into the original “expanding flat” that I mentioned and continue to the end of the triangle.   My strategy is the same…tight stops on my current winners…if the market pops up, I’ll add to my positions.

30 Min

 

Zooming in - 1 Min

 

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