The last two days of market action have shown exactly how indecisive current market participants are with both the Open and Close for the day being very close in price. These patterns are known as a Doji and are clear examples of a market that is stuck in a battle of bulls and bears, each fairly evenly matched.
Today also saw and inside day with a down close on the S&P 500 cash index, which should lead to a rally on Wednesday. However, this rally should be used as a selling point or an area to purchase put options as the current decline has not come even close to showing any sign of exhaustion.
The trading pattern that I have posted over the last couple of weeks on the Wilshire 5000 remains very much in play and as I have marked on the chart above, you can plainly see where we currently are in the sequence and also how accurate the pattern remains.
In a nutshell, we remain in a sell strength trading mode and continue to look for small rallies along the way to add to our short positions. Your equity allocation should be extremely defensive.
Today also saw and inside day with a down close on the S&P 500 cash index, which should lead to a rally on Wednesday. However, this rally should be used as a selling point or an area to purchase put options as the current decline has not come even close to showing any sign of exhaustion.
The trading pattern that I have posted over the last couple of weeks on the Wilshire 5000 remains very much in play and as I have marked on the chart above, you can plainly see where we currently are in the sequence and also how accurate the pattern remains.
In a nutshell, we remain in a sell strength trading mode and continue to look for small rallies along the way to add to our short positions. Your equity allocation should be extremely defensive.
i very much enjoy all your posting kind, very attractive.
ReplyDeletedon't quit as well as keep creating because it just simply good worth to follow it.
excited to browse through a lot more of your own articles, enjoy your day!
birkin bag, canada goose outlet, ugg, uggs outlet, longchamp, mont blanc pens, herve leger, chi flat iron, lululemon outlet, vans outlet, instyler ionic styler, insanity workout, ugg boots, north face outlet, soccer shoes, ugg soldes, bottega veneta, jimmy choo shoes, nike trainers, uggs outlet, p90x workout, nfl jerseys, giuseppe zanotti, wedding dresses, marc jacobs outlet, ugg outlet, ferragamo shoes, north face jackets, ghd, mcm handbags, canada goose, canada goose outlet, hollister, nike roshe, nike huarache, soccer jerseys, mac cosmetics, new balance outlet, uggs on sale, beats headphones, canada goose outlet, celine handbags, abercrombie and fitch, babyliss pro, replica watches, asics shoes, reebok shoes, valentino shoes, ugg boots
ReplyDeletelululemon canada, nike air max, burberry outlet, oakley pas cher, burberry handbags, coach outlet store online, kate spade, michael kors outlet, michael kors, nike air force, true religion jeans, true religion outlet, michael kors, polo lacoste, nike tn, new balance, abercrombie and fitch uk, michael kors outlet, uggs outlet, michael kors outlet, ralph lauren uk, michael kors outlet online, replica handbags, coach outlet, true religion outlet, coach purses, nike free uk, sac vanessa bruno, mulberry uk, michael kors outlet online, michael kors outlet online, michael kors outlet online, north face, uggs outlet, converse pas cher, hogan outlet, nike air max uk, hollister pas cher, sac hermes, nike roshe run uk, hollister uk, nike air max uk, true religion outlet, timberland pas cher, vans pas cher, ray ban pas cher, guess pas cher, ray ban uk
ReplyDelete