Shorts have turned catamite, allowing themselves to be brutalized and tormented no matter what the supposed news from Europe. The result has been a nervous dither beneath November’s key highs that’s looking increasingly like a consolidation. From a trading perspective, entering on any b-c pullback from somewhere between the two labeled highs looks like it can’t miss. The buy-stop entry signal at ‘x’ is likely to come quickly, though, so you’ll need to be alert to catch the opportunity.
