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