After falling strongly when the wedge broke
it didnt take long to wipe out a lot of slowly won gains
and in no time (a couple of weeks ) we lost close to a hundred points on the S+P, bottoming out so far at around 1040 where we saw some hourly hammer candles (as shown by the mouse pointers) that indicated a temporary bottom had been found
We are back over 1100 again and so the markets are now triggering buy signals as they cross moving averages and climb quite sharply. Should these triggers be taken seriously is now the question???
No comments:
Post a Comment