The market has broken out of its Ascending Triangle pattern mentioned yesterday and ended the day challenging the market's all time high as expected. Once the ATH resistance is cleared, we should see short covering and new buying that will propel the rally much higher. And again, the excuse for today's rally was the jobs report but everything that is "news" was already reflected in the charts few weeks ago. So, unless there is some bearish miracle, prices are headed higher in the near future. That should convince bears to re-evaluate their sentiment and join in the rally.. not! lol.
I didn't get the chance to buy the break out as I was sleeping but I have my other long position, which stop has now been raised to a profitable 2109. I might end up buying more China instead as that is starting to look promising.
Have a great weekend!
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Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish