Daily Recap 10-23-2014

The bulls have pushed higher than I expected this week, but although they crossed the daily trend line today they failed to close above it, opening the way for a reversal. A strong down day tomorrow will certainly corroborate to the evidence, but on the other hand we may see just the old sideways shuffle before another move up.

This has been a couple of very relaxing weeks trade wise, since despite the strong movements up and down the system remained mostly quiet, but now I think it is time to go back to trading as the system has issued 2 short signals. For exact trading point you can look here


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