The ascending triangle pattern broke to the up side overnight. Today should be a bullish day. The market will gap up at the open in 1 hour. The gap is most likely a continuation gap. A third gap up lies out there in the future. That will probably mark a top to this move. Q: Is it now a good time to buy? No. The time to buy was December 1. It is too late to buy. A wise investor and trader would be watching the market action and 1272 on the Standard & Poor's 500 Index.
Have a great day!
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Standard Disclaimers
1. This blog is for educational purposes only.
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