IBB/LABD…
Closed a “hair” above the 50 SMA…
Did not add, now I am afraid I should have cut my losses this am?…
Became too confident as a “bear”?
Fridays are usually a sell off day; not this time…
LABD with a BEAR 13/34 EMA cross…
The lack of an impulse move yesterday was the first warning…
Though EOD yesterday, the price action did bounce off the bottom channel line…
Will see what happens first thing Monday AM…
RUT 30…
Hitting support with a potential IHS reversal…
Get out pronto.
I have BIS and LABD on IT stfr setups.
(no, I will not translate … best hint here: https://www.youtube.com/watch?v=0akBdQa55b4)
IBB & Co set to rip north for next several weeks soon.
LOL…Do the same that has been happening the past 7 years…DOW continues to rip…Still want the daily RUT to get past the 50 SMA, which will probably happen Monday AM…