Short Term Out-Look for Stock Weakness
The number of stocks below their 50-day moving average are nearing the 3.618 % Fib-Extension, which does not mean it cannot reach even the 4.618 % level. Most likely to my experiance, stocks will recover short term after todays "witches" have finished their "rituals".
I expect intraday to become ugly eventually at some point to draw the candle of a "hanging man". History tells us that it is safe to buy after December 24th after a failed X-Mas rally. Good luck and take responsibility for your trades!
I expect intraday to become ugly eventually at some point to draw the candle of a "hanging man". History tells us that it is safe to buy after December 24th after a failed X-Mas rally. Good luck and take responsibility for your trades!
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