WEEKEND STOCK MARKET VIDEO REVIEW
This week is critical.
There are only 2 possibilities:
We trade sideways or we go down. No, this rally will not be likely to continue in the weeks ahead.
My target for the S&P500 is 770 before it starts heading lower.
My downside target remains 625. If I’m wrong, I’m wrong. But my analysis of market psychology and the internal technicals indicates that this rally was a knee-jerk reaction by naive market participants who operated out of ‘fear’ of missing the bottom pushing prices higher. When we surpass the lows they will be the first to drive stocks even lower as they panic to get out.
We HAVE NOT seen the bottom yet… at the very least we will re-test 665.
There’s more to this… plus I have some fun in the Weekend Review:
WATCH TODAY’S VIDEO REVIEW:
Trade With Confidence
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DISCLAIMER: No personal investing advice is implied or stated in this presentation. The information presented is for educational purposes only and should not be contrued as personal legal or investment advice.