Without doubt the US markets are offering up many bullish patterns that we like to trade. My contention is that a reliable indicator¬† we use is still suggesting the market is not ready to move higher just yet so I’m wary of making formal recommendations. That said we are running a number of positions from ‘informal’ suggestions such as BWLD which is doing quite well. Here is the curent chart:
Click to enlarge
When our indicator unwinds itself then we’ll reassert ourselves to the long side.
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