Friday, March 3, 2017
Weekly outlook for Mar 6, 2017
I told you last week:
"it appears any upside will be limited and possibly we see a slight downside bias by week's end."
We saw substantial moves by mid week, but gave a portion back after that. The indexes were up less that 1% for the week As I told you - limited upside but Downside bias by week's end.
We have the 4.5 month (20 week), 10 week, and 5 week cycles down this week. I expect these 3 cycles to prevail as the 9 month cycle see a mid cycle dip. So a trade may be to trim your long positions (I will play an inverted index ETF for a short term trade - (looking for a 2-3% gain).