S&P - is the correction over?
My guess is that we are due for a rebound now and hopefully the start of another upswing due to the following signals:
Futures dipped briefly below the regression channel (of the swing that started since March's low) today and rebounded, and looks to be forming a "piercing" candlestick (bullish) AND we have potential divergence between price and stochastic
Market is volatile so trailing stops is the best defence as we begin to dip our toes in again.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
Futures dipped briefly below the regression channel (of the swing that started since March's low) today and rebounded, and looks to be forming a "piercing" candlestick (bullish) AND we have potential divergence between price and stochastic
Market is volatile so trailing stops is the best defence as we begin to dip our toes in again.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
Disclaimer
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