I dont believe the story about volume is low because we are coming into summer. Listen it is already known that most traders take off summer to send time with family and travel. Last year they said the same thing and pushed the market to new highs and then what happened? we crashed. I expect the same thing to happen here.
If and this is 'IF' m fib numbers are correct we should hit a low off this intermediate high in July. Now I will play the market anyway it goes so I am not going to bet heavily on one side here but it is obvious the markets need a pull back.
I have some ideas on how to play the summer which I will share with you guys in a few weeks.
In the mean time. Stay light and manage risks on trades closely here.
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- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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