HGSI Doc Top Down Review 2.21.2016
Greetings and welcome to this weekend’s Top Down Review.
I have entitled this one – Will prior support turn to resistance? We saw a big move up for the major indices and leading stocks the past week. We are now approaching areas of prior support including the 50 and 200 day SMA. Will these provide fierce resistance or are we on the way to breaking out to newer highs. In the finest imitation of Ian, I go thru my 3 scenarios of the market. I am not jumping long or short yet, but have outlined how I will play this market based upon what the market action is.
My signals for this week are very mixed but I must admit that last week was my best performance of the last several. I hope you enjoy the video and good luck this week trading.
PS: As always please excuse my spelling mistakes, including the title page of the PowerPoint
Trade safe my friends