We have the Mid-Week shuffle I was anticipating with
a retest of the trend breakout in the Nasd 100.
My initial instinct is to just take the money, however I wish to give it a little time
to see if this was a one day event above the Line. (False breakout?)
Spu’s have come down to retest the previous highs that capped the rally for days.
Price action into the low 2570’s would be needed to turn the long time frame P&F.
Right now I don’t see how we get there, but then again I didn’t see how AMZN would
print its 200 DMA @ 1700 after holding 1595 ( its 50 DMA) on Monday.
Currently short twice as much Nasd as Long PBR