The Dow had a volatile week, Friday's action, a red Doji candle... bearish!
Our actions are to sell strength or rallies, notice how the market retraced 38.2% repeatedly?
It is struggling, Thursday's rally was driven on short covering, volume is low on the rallies.
The question is whether this is a minor wave 4 and wave 5 to follow or we have had only wave 1 down and currently in wave 2 up to be followed by a plunge, next weeks action is down regardless.
Chatter that the Fed will cut rates next month increases... if they do, they will let the world know that recession is here and react accordingly.
Sell the rallies, buy PM's and have faith... this is just getting started.
Appreciate a thumbs up, good trading and God Bless you all!
Our actions are to sell strength or rallies, notice how the market retraced 38.2% repeatedly?
It is struggling, Thursday's rally was driven on short covering, volume is low on the rallies.
The question is whether this is a minor wave 4 and wave 5 to follow or we have had only wave 1 down and currently in wave 2 up to be followed by a plunge, next weeks action is down regardless.
Chatter that the Fed will cut rates next month increases... if they do, they will let the world know that recession is here and react accordingly.
Sell the rallies, buy PM's and have faith... this is just getting started.
Appreciate a thumbs up, good trading and God Bless you all!
註釋
The Dow rising on below average volume, this rally is counter.Retail sales number "inflation" so good, that an interest rate cut cannot now happen!
Watch for the reversal.
註釋
A doji candle today, an almost parabolic rally into a double top.
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