Market go up in early trading after tested MA 50 and bounce up.
Buy on support strategy work well. If yesterday you buy stock or option for my candidates, most of them go up yesterday and today.
For quick profit taker, you can take your profit now.
If you are trend trader, can try to ride the uptrend if earning season news are good.
If it is bad, better to protect profit by taking it.
The chart shows similiar pattern before last earning season. If the bull climb wall of worry, maybe it is time to show it. Pullback has been placed and supported by MA 50 days, now if only the market can make new high...to maintain the uptrend.
Are you a bull or bear this october? :)
Best regards
Snip
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