Daily Recap 4-2-2014 – All Time High (Again)

Feels like we haven’t been here for a long time with all the bearish sentiment going around but it was only two weeks ago since the last all time higher was set. The daily Omnilayer RSI indicator is overbought again and shows a negative divergence, so theoretically we have a short signal but until the daily trend line breaks I will assume that every pullback is just a correction before going back up.

The system still holds a 120 min long position and made more profit today, for updated stop points please look here

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2014-4-2-Daily

 

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