No. of Recommendations: 5
And as it turns out, this time bearishness was the wrong guess as "everything" this week bounced back 4-5%. Whatever reason for the across-the-board selling in the 2-3 prior weeks, of which we can all make educated guesses, it was over and reversed first thing Monday. Most indexes bounced off their 20DMAs if not their 50DMAs.
Now we are back in "Neutral". These are "interesting", fast, megacap-tech dominated equity markets. 50DMAs and 20DMAs seem to be important technical levels.
FC
