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Scanning over recent data and I am leaning towards hoping to see some more consolidation so set up a move up. I feel uncomfortable aggressively going long on a short term frame since we just busted a bullish post FOMC set up. Mixed signals depending on timeframe but NYMO is issuing a decent intermediate term buy signal now. IWM I am interested in going long but want to see how it recovers from the broken trend line. Perhaps after this week/ month, there might be room to go up on a longer term basis. For now, could be megaphoning for a bit.
Scanning over recent data and I am leaning towards hoping to see some more consolidation so set up a move up. I feel uncomfortable aggressively going long on a short term frame since we just busted a bullish post FOMC set up. Mixed signals depending on timeframe but NYMO is issuing a decent intermediate term buy signal now. IWM I am interested in going long but want to see how it recovers from the broken trend line. Perhaps after this week/ month, there might be room to go up on a longer term basis. For now, could be megaphoning for a bit.
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