Ok, so back on January 25th I brought your attention (to the few who follow me :wink: ) that we had a nice Cup and Handle forming on the Daily, and the measured move target would put us around the 11.6k target...
Well, here she comes. One level at a time though. 10k is out next target if we close today above that 9556 level. There's no denying we've been in a Bullish market structure since 6.4k. How long it lasts, only time will tell.
If we close above the 9556 mark, dips are for buying. Targeting 10k, low 10's for now.
If you caught a long in the 8k's, or even low 9k's....please take some profit off the table. No one ever went broke taking a profit people. Don't be greedy. Compounding wins is how Warren Buffet got rich. Not scalping the 1min chart. (Although I do that too when I am feeling froggy, +5%'d my trading acct this morning before going to work).
Good luck to all, practice solid risk management
Well, here she comes. One level at a time though. 10k is out next target if we close today above that 9556 level. There's no denying we've been in a Bullish market structure since 6.4k. How long it lasts, only time will tell.
If we close above the 9556 mark, dips are for buying. Targeting 10k, low 10's for now.
If you caught a long in the 8k's, or even low 9k's....please take some profit off the table. No one ever went broke taking a profit people. Don't be greedy. Compounding wins is how Warren Buffet got rich. Not scalping the 1min chart. (Although I do that too when I am feeling froggy, +5%'d my trading acct this morning before going to work).
Good luck to all, practice solid risk management