OK, those who still believe very very bullish Monday, please raise your hoofs. Anyone?
The bottom line, things are little bit different this time as the market usually forms a bottom on Friday after the so called bearish Thursday. But now, the chart below shows no sign of a bottom at all, as I said before a strong down leg usually won’t end with the very first rebound and we don’t even see the very first rebound yet. Now the bull’s hope is the famous very very bullish Monday. And if we don’t get again then perhaps this time IS DIFFERENT. Until then, let’s (bears and bulls) just close eyes and believe, yes, we can! :-)
Enjoy your weekend!
Disclaimer
The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.
