NYMO UPDATE

As I’ve been noting, the NYMO is setting itself up for a BUY signal. Above is yesterday’s chart, I’ll post today’s later tonight when I do my update. A couple of days ago it closed outside the most sensitive barrier I follow.  Today, it could very well close outside its lower BB, which is the 2nd (orange) NYMO on the chart above.  If this occurs, then we could see some pretty bullish fireworks over the next couple of days.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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