![]() ![]() ![]() It’s shaking traders up who do not know how to adjust their trading strategy during rising volatility and mixed market cycles. Take a look at the 10 minute intraday chart of the past fiveOPEN trading sessions (Wed, Thurs, Fri, Wed, Today) as notice how choppy price has been…. The big question from here is what to do now? Well, I wanna see some bullish patterns and volume over the next 12-48 hours if we are going to be looking to get long for an intermediate rally that lasts several weeks taking the indexes to new highs. Long story short… stocks are overbought here very similar to the past two highs as seen in the chart below. We did see a nice pop this morning breaking some previous pivot highs from last week and volume looks strong.
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