State of the State

Here's the current status of the two open trades.

We'll see where the market brings us today. This is a great example of the paradoxical nature of trading. While I'm currently fundamentally bearish along with most agreeing that the rally since March must be overdone, from a technical standpoint I'm bullish.

Confusing, yes. My opinion is that while we can all stand around talking about how overdone the rally is, but if price action continues rising those that don't get involved now are missing some of the best valuations in the long run. Essentially, they miss the bus.

Pretty much, everyone's bluffing, whether it be to themselves or everyone else.

Good trading to all today!