Was busy this weekend, so a quick note this morning. From the chart provided, there are two blue ring circles. The first ring circle, this could be what I'm expecting the rally will be like for this week... a rally and then a failure leading to an another low before an eventual rally back higher. The second ring circle, instead this could be that the stock market hits bottom this week and then rally to new highs... this my 2nd option to look for. Note that the chart is from today's morning trading so the outcome is still unknown until the market close later today. Also, of the major indexes, the Nasdaq is holding up much better than the SP500, the Dow, and the Russell 2000.
No comments:
Post a Comment