Twitchy signals either turned bearish or hinted of an imminent turn today, but the discretionary/staples ratio remains confidently bullish. I am not eager to increase bullish bets at this time, but I am not eager to get short either.
Financial markets are predictable because segments of price action fit together in a limited number of patterns that are not random. Markets are unpredictable too because there is enough variability in the patterns to hide the trend at some stages of development. I am fascinated by the market and spend a lot of time working to identify price trends so I can exploit them for profit.