Three of four cycles are now up. Sometimes the 10 week cycle shows good momentum down so the market may take a rest and pull back into month end (then it may not) if the 10 week shows some dominance. Time will tell....
Friday, March 18, 2016
Weekly outlook Mar 21, 2016
I expected the past week to bottom by mid week which is what happened. Just before the end/after the FOMC meeting Wednesday the market turned up and had a small gain for the week.
Three of four cycles are now up. Sometimes the 10 week cycle shows good momentum down so the market may take a rest and pull back into month end (then it may not) if the 10 week shows some dominance. Time will tell....
GL Traders
Three of four cycles are now up. Sometimes the 10 week cycle shows good momentum down so the market may take a rest and pull back into month end (then it may not) if the 10 week shows some dominance. Time will tell....
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10 week cycle seems to show some strength/dominance.
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