Playing the Waiting Game
Just a quick update:
Since my last blogpost there has been no change in the position that the system was in over the summer months. I simply have to wait for it to exit this position and give me a new up-trend opportunity.
As you can see from the picture above, the system has been in a trade in all of the ETF’s I follow since the 29th of June. The above example is TQQQ.
Therefore, there is nothing to do but wait. I would hope that there will be a sizeable sell off after such a big, consistent move higher. I also suspect that we will only be days away from that sell off. But time will tell.
I will re-post as soon as anything changes, but I am actively looking to get back into the market now.
Best regards,
John