Happy New Year, everyone!
MARKET TEMPERAMENT –
Markets are filled with mixed traders working on different time lines and different horizons and that leaves us awash in posts and information of prediction and views filled with personal bias. This means that we watch price and behavior even more and realize that trading well in these environments means catching onto the relative motion within OUR OWN timelines and personal biases. My suspicion is that we are still in the relief bounce in play and our pullbacks will still be buy zones but our resistance zones will remain strong. Rallies as well as big dips are possible so stay nimble.