I don't expect the market to completely tank, it probably whipsaws sideways this month.
Overlay for a possible scenario...
Just remember that the market bounces when oversold so don't chase it too far (everyone predicting a huge tank has gotten burned the past few months)
Overlay for a possible scenario...
Just remember that the market bounces when oversold so don't chase it too far (everyone predicting a huge tank has gotten burned the past few months)
Comment:
Wow, did not expect that today. Lost the trendline without a fight and dropped all the way down to the next one. RSI hit oversold, but MFI didn't.... yet
Comment:
MFI severely oversold, looks like we get a bounce