Well, I kinda figured it'd go oversold overnight then pop back up. I guess I could've gone long yesterday but decided I didn't need the heartburn, futures were red when I went to bed. Plus the other issue I noticed is that oil goes up every time the market does, so transports are kinda stuck in a gridlock. (Yeah, bad pun, lol) IYT is green but UPS is still red.
Anyways, indicators are all neutral, daily pattern is still bearish. Could double dip back into oversold without going overbought. Might take the week off though unless I see definitive signals. All other indices looks the same though small caps are closer to overbought.
Anyways, indicators are all neutral, daily pattern is still bearish. Could double dip back into oversold without going overbought. Might take the week off though unless I see definitive signals. All other indices looks the same though small caps are closer to overbought.
Comment:
LOL, no continuity at all. Green right now but that can change depending on what teh EUros do.
I don't expect any continuity in the market at all, so it's all guess work, if you're in the market I hope you guessed right, lol.