Hello Everyone,
New recent recent uptrend highs for SPY/QQQ today - however, today's candles display hanging man candles (along with diagonal for the SPY) for both with price quite stretched from their respective 20 day. For hanging man candles you MUST see a reversal day tomorrow to confirm (pseudo evening star pattern). Trail up stops and consider some hedges IF NEEDED. I also posted the updated NAAIM exposure index which has been increasing (as expected) and is now currently showing higher allocation than back at the August highs. Make no mistake the Bulls still have the ball and must be respected until evidence changes
Please take a moment to look at the trade ideas.
