The FRO has NOT signaled a sell yet. But two things cause me to be cautious on the long side.
We're coming against the upper trendline and the most recent ascent has been fast. This could be a time to get jammed by selling manipulation designed to shake out longs and cause panic selling.
The other reason I have these thoughts is the USD. The Dollar is due for a bounce. And given the connection between the falling Dollar and rising equities, a bounce in the USD could cause a sharp drop in equities. Either way we will profit. No matter what.
WARNING: The government wants you to know that anything you see here could be a trap to get you to start trading for yourself. And they want you to know that you could lose ALL of your money. So go talk to a government licensed financial advisor before you do anything.
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