Not at all. Reversing to long yesterday was a tactical/short-term trade based off the intraday charts. I should have more clarity as to whether the marginal new highs scenario still has a decent chance or not over the next few trading sessions once today’s FOMC rate decision is out of the way.

It’s been a while since I’ve looked at the uranium stocks. In fact, last time was back in late 2021 when I posted them (and URA- uranium ETF) as a short (first chart below). That was call was spot on; URA went on to put in a marginal new & divergent high, followed by a drop fo my two price targets, reversing just shy of T2 in mid-2022.

You were correct, URA did break out recently although it has run too much for me to chase at this point. It broke out & back-tested the downtrend line/top of triangle (on the updated daily chart below) as well as my former T1 zone from 2021 (which became a resistance zone, once URA fell below it. As of now, I don’t have a good read on where it is headed next so feel free to bump me again later. I’ll also look at FXE & PGJ (China ETFs) asap & LYK my thoughts.