Weekly Recap

/Weekly Recap

“Possible Bounce in Downtrend” – Look ahead for the week of 02/19/2016

Another week, another downward move - fast controlled selling and another sharp oversold bounce from tradeable lows. The price action on Friday looked quite similar to Jan 20th although there are some positive divergences emerging for the very short term. And all bounces so far have culminated at either 38.2% retracement or 50% retracement [...]

By | February 14th, 2016|

“When oversold stays oversold” – Look ahead for the week of 01/22/2016

Just 2 weeks into the year and it already feels like an entire year's trading range. Just brutal to say the least. Oversold readings have become more oversold. Market breadth is horrendous although some small positive divergences are creeping in for a very short term bounce which most certainly may not stick. Panic everywhere [...]

By | January 17th, 2016|