Playing the Waiting Game

TQQQ

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