Time To Bounce Or Crash, That Is The Question…

Will the market bounce on Monday… I don’t know? It could crash, as the charts are still very bearish right now!
However, many of the indexes have actually hit their double bottom support levels from the first week of March early this year. The S&P500 is one of the few that still hasn’t hit that 1250 area, which means that we could still see some more selling early next week. But, I do think that we are near a short term bottom before a nice rally back up to form a wave 2

Read more …

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s