The market seems to be triangulating and it it setting itself up for a substantial move to either the upside or downside. The TA is at 1165 so the market is still bearish so I'll be watching how the market behaves when it hits the upper trendline. If we get a big rally breaking the trendline then the market will go for the 50 day MA currently at 1200. Commodities are at a low and I think many of them will see a rally along with equities fairly soon.
No comments:
Post a Comment