While for me price has broke out the range enough to make some money i still consider this market to be bullish. I would consider it becoming bearish if it breaks below 2280 and truely bearish if it breaks below 2218. But while money can be made in PB and ranges it is still bullish by any means on a daily chart IMO.
Take profits? Not the surf. He is a gunslinger at O.K. Corral. He is out to set his legacy in stone. I mean points!
Goofboy is a mug if he doesn't bank around here. After 7 straight losers fighting a multi-year trend the inevitable happens and urf goes onside. It's a losers mentality to think every trade will turn into a huge winner. New all time highs are on the cards.
For surfs sake i hope you are wrong but i agree with you. Nothing has shown me yet that this is a bearish market, long term. It is bearish in the short term. Breaking out of ranges south and PB good for shorting on a daily chart with much more tradeable action on smaller TF's both short and long but NOTHING has hollered at me about the market being bearish, as of yet. Of course, that could change. Hope the surf doesn't gunsling himself right out of O.K. Corral into Boot Hill. He reminds me of the poster going by "buy1sell2" that loves to ride the yo yo up and down.
Tides gone out 250 points Surf , your wave selection is shabby . All total BS like the borrowed ferrari photo . Credibility sinking faster than the Orange Oracle , I can rent you an algo that will make you top of the heap . That 150k watch will do ... hahaha
That's the thing about systematic trading. It takes emotions -- hopes and fears (for instance fear of looking like 'a mug' to the trolls) -- out of the equation.