Fibonacci Retracment – Bear Market or Bull Market

No one really knows at this point where we are at in the stock market cycle. Everyone has an opinion….that is why you should not listen to anyone rather than yourself and have rules…

My simple rules are I want to be above a 200 Day Moving Average..We are almost there but not yet. More so I would like to see 72.90 taken out on the QQQ. I try to simply think. We are 7 years into one of the longest lastly bull markets. Risks are increased…however most are bearish which is bullish…More so there was a bullish divergence at the lows….
It is never easy…that is why we trade with rules..