Long In The Tooth

Stocks are mixed and look to need more time to me.

We’ve seen some great moves over the past few weeks but many charts still need some time.

Gold looks to be taking the turn higher and mining stocks have held up remarkably well and should move nicely in a rising gold environment.

This handle is too long.

Last weekend I pondered that the handle of the cup and handle pattern was getting too long in the tooth and it has now indeed rested too long and is more prone to failure right now than a break higher.

Time will tell.

Have a wonderful weekend.

These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my ...

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