The Hanging Man signals remain in effect. The downtrend should be in progress at least until the stochastics get back to the oversold condition. This implies a few more days to the downside. The shorts continue to work. Long’s are working but they are few and far between. Stay predominately short until a strong reversal signal is revealed in the indexes.
August 19th Daily Market Comments
The Hanging Man signals remain in effect. The downtrend should be in progress at least until the stochastics get back to the oversold condition. This implies a few more days to the downside. The shorts continue to work. Long’s are working but they are few and far between. Stay predominately short until a strong reversal signal is revealed in the indexes.