So far so good ,, markets did an AMAZING rally Monday with a big fat gap up to make all the bears holding shorts over weekend trapped deep into the red zone now and markets rallied 3% with EU markets closing 5.5% higher , big rally kick off !
This is what I was expecting to come ,, and this is just the start imo, there should be way more gains ahead and lets see if markets can rip higher in the near term.
I see a pattern which suggest SPY going to 124 in the very near term(1-2 days) so would not be surprised to see more strong upside in the near term.
TBT still looks poised to rip higher , with this markets should continue up.
Conclusion:
I remain in the bullish camp holding all longs and what a fantastic day yesterday ,, hopefully a lot more to come and this was just the "kick off" rally - TBT looks good for more upside gains and TNA, EDC and lots of other small caps looks great. I'm expecting all people should be in the mood buy every good news comming from now until Xmas ,, people will forget the crisis and just spend imho, same with the markets , buy on every kind of news (also rumours...:))
If you want to get some help TRADING all of those small caps TNA/EDC join us in www.nwatrading.com in our live chat room.
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