S/T Buy Signal at 2163

Erratic market signals trouble ahead, but covered and back on a Buy Signal at 2163, expect short-term.

The erratic nature of the signalling is also 'telling' us something – and we should expect it to continue for the next few weeks. The market does not want to go down, there are significant forces at play keeping it up, but when the buying power dries up – albeit temporarily – as to be expected at the end of a major T structure, then the market will drop hard until the buyers are found at lower prices.

I think we are being warned that something unpleasant is about to occur.

Be prepared.

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *