By Jeff Pierce
…I’ll be leery that we’re not just going to sell right back off tomorrow. I think many prudent traders would have like to see 1-2 more days of selling to work off the overbought conditions but the markets have other ideas. I feel that we’re in a precarious situation and wouldn’t advise taking on too many new positions until it’s proven that we’re not going to be turned back at current resistance levels.
Join us for this informational webinar hosted by Veteran Day Trader, Jea Yu – Scalping Morning Volatility For Daily Profits – Thursday, February 7th @ 6:00pm EST