OBOSS Market Timing 06/10/14 ‘OBOSS at 2.39’

OBOSS is still at extreme overbought levels.  There is always room for the market to move higher, but odds favor a pullback whenever OBOSS gets this overbought.

We are currently watching a time consolidation where equities struggle to make higher highs while holding their current price levels.  Keep alert for a final push higher that could trigger a price correction.

If you’re waiting on the side lines, this is not the time to be aggressive with new positions.  Protecting profits is job #1.  One way to protect profits is to tighten stops on existing positions or scale out slowly on moves higher in the market.

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