Hi Everyone
Just a quick note to say that Doji type long-tailed bars have formed on the Dow, Nasdaq, S&P and a number of leading stocks including AAPL, GS, AMZN and WYNN to name but a few. The OVIs are still more positive than negative and we’ll be watching closely in the next few days as yesterday’s final hour was weak throughout the board.
This could mean a well deserved rest before the next move or it could mean a something more ominous. For now watch carefully, and as I said before, if you were long at the breakout you should be using tight stops and taking profits.
All the best
Guy