New Week And A Rush Higher

I had an exhausting three days of traveling, so I did something that I hardly ever do: overslept. I got up at 7, which for me is the equivalent of getting up in the afternoon. One glance at my iPhone told me I wasn’t missing anything good: everything was up.

The ES is still beneath its triangle, but I’ve pulled my horns in: I got rid of all three of my positions in my “ETF only” portfolio, meaning zero risk exposure (and zero opportunity as well). I really want to see what happens with this triangle, and frankly the market has been extremely frustrating lately.

(Click on image to enlarge)

Of the largest importance to me is crude oil, which really mustn’t go higher than about $53.25 or so. We’re up against an absolutely vital decision point.

(Click on image to enlarge)

I am going to get caught up now.