Ok we have hit the first target of the 2012 HIGHS now what is next. I have been doing some work and I seem to be narrowing a zone targeting the 1525-1545 area. Do we stop there? No idea but if I was still long after hitting the 2012 HIGHS I would be scaling out of long positions into this area.
I am still holding NUGT long and a little AAPL.
I think we are stretched here so be very careful initiating new long here without a pullback.
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