Sitting Pretty, 25 Apr 2023
🖼 Daily Technical Picture 📈
➤ Equities is proof that the world is flat. Flat and dull. I'm kidding, that's just Singapore. Although just after US market close I felt a light shake of the building evidenced by the swaying window blinds. I believe that was the tremor caused by a large earthquake off Indonesia. That was pretty much all the "excitement" for the day.
➤ I'm of the strong opinion that this flat and dull inactivity is a show that the Bulls are sitting pretty awaitng the next leg higher. Why are they taking a time-out? Probably to suck in as many shorts as possible to load up on their positions.
➤ I currently hold a small long position.
➤ Conclusion: 🐆 Ready to pounce.
EQUITY TREND:
⦿ Short-term (weeks) - UP
⦿ Medium-term (< 6 months) - UP
⦿ Long-term (>6 months) - DOWN
➤ Equities is proof that the world is flat. Flat and dull. I'm kidding, that's just Singapore. Although just after US market close I felt a light shake of the building evidenced by the swaying window blinds. I believe that was the tremor caused by a large earthquake off Indonesia. That was pretty much all the "excitement" for the day.
➤ I'm of the strong opinion that this flat and dull inactivity is a show that the Bulls are sitting pretty awaitng the next leg higher. Why are they taking a time-out? Probably to suck in as many shorts as possible to load up on their positions.
➤ I currently hold a small long position.
➤ Conclusion: 🐆 Ready to pounce.
EQUITY TREND:
⦿ Short-term (weeks) - UP
⦿ Medium-term (< 6 months) - UP
⦿ Long-term (>6 months) - DOWN
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✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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