What’s a Point of Recognition?

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When descending and up trending lines converge, we get days like today.

I have also closed out my GLD trade from 184, which I started on February 12.

While this may continue through April, we are clearly overextended.

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One thought on “What’s a Point of Recognition?”

  1. Thank you for provided some definition to the a point of recognition. I have so many questions to ask but unfortunately I have not done adequate homework on your system to understand it ( I have read through your site but I am still challenged ) . I wish you had posted here back in November as I made some unfortunate trades and didn’t know we were in a T til end Jan.

    Are we to expect a move now to the mid line spx? Is your system seeing gold/miners with one more lower low? Thanks for your time and sharing

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