Approaching the lower bound of its daily volatility adjusted trading range. VIX remains under 19, macro continues to indicate accelerating inflation and growth as the commodity complex shows several recent changes in trend such as oil from bearish to bullish. In any case based on these factors along with the technicals and wave pattern this appears a decent point to take a long position in anticipation of new highs to come.
Trade active
Adding to position 21,443
Note
Should get interestng from here. Things are about to get a lot more exciting
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.