S&Ps 72 Handles Away From Moving Average!

Markets made a new high today all because the federal reserve stated that they will not rush to raise interest rates. The markets are extremely overbought. They need to pull back on the daily charts and should have a pretty good pattern for a buy entry for intermediate traders. Still if I were a long term investor, I would use this rally as a way where I would lighten up. Oil and gold did zero today. Gold is negative in daily charts and oil needs to hold above the 46.70 level on the daily charts. To recap: we are 72 s&p handles away from one of my 10 bar moving averages and my work has shown me that at that distance the market needs to catch a breath and pause and pullback.
Previous articleHow to Defend Your Job – Sneak Preview
Next articleLeaping Towards Your Dream Job
Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.