Great weekend of Charts and Football for me!
How about you?
More Charts than Football? Or the other way around?
I definitely got a healthy dose of both.
And this one for me definitely stands out.
The way I learned it from Ralph Acampora many years ago was, “DON’T FIGHT PAPA DOW”
So here’s the Papa Dow he was referring to. I included the key levels we’ve been focused on since the 2018 correction. They’ve really helped and I think they continue to.
But for today, let’s focus on the fact that prices are both below overhead supply and above support from the summer lows.
From any sort of intermediate-term perspective, this is what we call “No Man’s Land”: [Read more…]