3/7/22 11:09am EST: Cash needed to catch up with overnight futures lows. Price and volatility patterns both are developing the potential to print a turn signal [mkt down] soon.
original post:
Live Status: Odds favor one more leg down on the daily to expand the diamond as shown. A leg down of an expanding size will likely require either a volatility or an index turn signal in the coming sessions. Eventually, the market will not go gently into a 'medium term nap' - as compared to a high degree long term decline but, as indicated, the correction may prove to be quite large and contrast it from the 2020 decline.
Since economic drive / investment forces are now in what is known as a 'private wave' [which means that individual, group and corporate forces are beginning to outweigh government sponsored 'easing' and other inventions]- some historical seemingly 'normal' market behaviors will likely come under challenge so being even more on point analytically is required. The current stepping decline is a good example and very unusual since very few volatility turn signals have printed and volatility values have remained relatively attenuated. Hence, the impeccable 'diamond' symmetry.
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
No comments:
Post a Comment