Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
Are we done? Was this the correction everyone was afraid of and that’s it?
Only the future can tell but interesting to look at the daily chart below of the mini SP 500. We bounced OVER 100 points from the lows!!! But I still need to see if we can break above the 1946 level marked on the chart….
Another interesting point is that this rally is on much lower volume than the sell off, but then again this has been the story in the “minor corrections” we had during the last several years.
Not sure if this one is any different and we are heading back to test new highs…my “emotions/gut” says this one has a bigger chance of being a more serious correction than the ones we have seen before but my “trading brain” says that statistically odds are in favor of resumption in the rally…
