Now, back to work.
Today's action was great, but it was actually a little too big. It opens the door to a little giveback. The RumWave chart quickly zoomed up to resistance. The 4 hr score is now in the yellowish-orangeish zone; slightly overbought.
I'd not recommend jumping in here is you missed the jump. I would wait until we get a little giveback, then jump in. If you did heed the RumWave advice and scale in last week, be mentally prepared for the probable whipsaw. I will set stops at my break even points, just in case.
Ultimately, I think we are in a short term bullish market for the next month or so.
TSP: C or S fund.
GOOD LUCK TOMORROW!
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