It’s April 1st with all the classic joking that takes place around the globe in fun jest. Well it seems that nearly every day is April Fools’ for “Da Bears”, with each window of opportunity to profit keeps getting slammed shut…It’s no joke for them!
April Fools’ Day is a chance for everyone to smile, tell a joke, laugh a lot and enjoy life!…For what else is there?
The first quarter ended on a strong note and morning trade continues higher reaching upper price targets highlighted in yesterdays blog posting…“IF price can penetrate Prior Day High (PDH) 1859.50 and convert, THEN upside price targets 1861.25 – 1864.50, with extreme levels measuring 1866.75 – 1870.25.”
IF recent strength continues above Prior Day High (1868.00) and converts, THEN further upside measures 1871.50…1874 – 76 zone, followed by extremes STAT X Zone (1878 – 83).
Failure by the bulls to sustain a bid suggests a pullback to 1859 – 1863 zone. Below this zone calls into question bulls resolve with lower price zones to Prior Day Low (PDL) 1854 – 1856.
Stay Disciplined…ALWAYS USE STOPS!
I will identify my mistakes and learn from them. I am optimistic, realistic and honest. I will not make up stories about the good or bad things that occurred in the past or are happening now. I admit when something is not working. My optimism gives me faith and courage. I will not fall prey to blame and fear.