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Bronchial bounce


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as i glance at the daily charts, like the Dow, i have 2 scenarios

 

1. the continuation of WW where there is no stopping this thing and the slow grind to new highs goes on, but that's almost too easy

 

2. my gut says, that this run fails up here on the Dow at the 10dma and that mini h&s top to 12400 plays out into next friday for quarter expiration, then the quarter end markup and run to new highs to july begin. this is probably wishful thinking as why should scenario 1 ever stop

 

either way, i way until tomorrow for clues on the charts

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Nice chart, Doc. That resistance line was good enough for me to sell the rest of my calls aquired at the touch of 1340. More like 1341 but I wasn't quibbling.

 

Other than that resistance line all I got is the major Fibos up at the previous highs.

 

I'm getting better at holding my positions longer, leveraged though they are. Bigger rewards.

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