Jan 23

Three swings and three misses. That's a strikeout.

The topping signal on the 60-min system that happened last week has now completely cleared without ever having a selloff. The strength of the buy signal on my Daily Chart has been enough to keep pushing the market up despite the shorter term (60-min) divergences.

It seems to me that the 'volatile/swing traders' market of the last 6 months has been replaced with a 'grinding/the trend is your friend' market.

Props to everyone (which is not me) who stayed long since Christmas.