Short-biased traders are completely offside this week, as indicators continue their upward movement. The sideways move that many are afraid to resolve to the downside turned out to be buildup and it…
Tag: Continues
Market Update June 20 – The Pain Continues
The week started with a bang, taking out “must hold” areas from the previous week on all indicators. Although the news of a 75 basis point rate hike brought some strength and…
Market Update Until April 18 – Weakness Continues
As we expected last week, the bearish momentum continued across all markets this week. New relative lows are recorded in SPY and QQQ, with a bright spot in IWM. There are some…