Looks like a change in direction could be coming.
Welcome to Lynn T's 1-2-3 PLUS Alert. To learn more about my Partial Leverage Utilization System, click here.
Last week's action formed a doji. Now, we could see some sideways movement for the next week or so - or we could be the market start to advance. With a check on the daily action, Monday was the worst as the power struggle between the bulls and bears continued.
I checked my indicators. Two of them are on their way to getting off the tightrope they've been walking and choosing a direction (it looks to be in the bullish direction, but we'll wait for some confirmation as not to jump the gun).
With that being said, we're going to stay in cash for right now and let my indicators give up their ambiguities, positioning us for potential profits.
Current Weighting Suggestion:
All in CASH mode
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Have a great week!