Appears we may have a couple more down days as we get a short cycle bottoming and given a market that seems to want to fall doesn't take a lot of down side pressure to take the market down.
Notice the longer cycles are down and will not bottom until around the end of February - almost 7 years from the bottom in 2009 (7 year cycle):
GL traders.
For Day trading:
Good Luck day traders
will update/replace short term charts (see chart date bottom of chart)
ReplyDeleteMissing run up in RWM by selling yesterday afternoon. Stopped out of SPY early AM for a small % loss.
ReplyDelete