As predicted, the market is breaking out to new highs. I’m going to collecting on a ton of burrito bets today. This is not the time to try to time a perfect entry. It’s still very early in a brand new intermediate cycle. While most breakouts tend to get sold, I would not count on that happening here because it is so early in the intermediate.
This breakout could run just like the silver breakout. 9 days into a new intermediate cycle isn’t the time to worry about timing perfect entries. Just get in and wait for the top which won’t be due till September.
Remember, the larger the consolidation, the bigger the rally once the breakout occurs, and this consolidation lasted more than a year. The rally into September could go a long ways.
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