The Calmest Correction
Friday saw a significant decline following through from Thursday’s break. The selling may seem sharp, but this was expected for a couple different reasons. Let’s look at that, along with the plan for next week.
Friday saw a significant decline following through from Thursday’s break. The selling may seem sharp, but this was expected for a couple different reasons. Let’s look at that, along with the plan for next week.
What is the difference between a retracement and reversal? And if this is a retracement (which I think is it!) here is the pattern I am waiting for.
We have a lot of retracements that are brewing for trends that are still valid. And that’s the focus I will keep until the trend transitions — which it has not.
If you know where to look, the market leaves clues…
This type of day has been, since October, a great opportunity to go shopping. How and why I do that is explained in this video.
Lots to like on a pullback day. Is the uptrend still intact on the daily? YES. Are there buys on days like today? Yes. It’s a blue light special.