Stuck Up Markets

The Bull market continues as the markets has been Stuck Up (SU) since the start of the New year.

In this SU mode, markets tend to ignore normal Time and Cycle CITs, as it is in a giddy, bullish Euphoric Phase.

As all trends remains Up, surprises will be to the upside and we remain long and don’t consider any shorts until we see a reversal time CIT lower, then put a stop at that day’s Highs. Bullish momentum remains strong and we have seen no reversal lower yet.

There are 2 major Time CIT to watch in the next few weeks, one is right around the corner, let's see if that will have an effect on the markets.