Market has been pretty lackluster given all of the news. It is comfortable trading at this level and it is always searching for a catalyst. After “Fed Speak” it tried the upside and then the downside. There is a little resistance near the hod and 1OP is crossing. This is a good place to take some gains on longs. You don’t have to take all of the position off, but start unwinding. If we push higher, you still have some on. If we retrace and take out the open of the green key bar, exit the rest.
March 14, 20231 min read