Welcome To the Stock Synergy, Momentum & Breakout HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: What a difference a week makes

Last week there were only hints of an imminent market bottom. This week the signs are everywhere. Despite Friday's pullback, versions of bottoming candles dominate the weekly charts in almost every sector and index. The main exception is Shanghai - but they were closed for the week, lol. Also, weekly topping candles on USD and VIX.

No confirmation yet (markets haven't yet tested the lows nor broken the downtrend lines), but after looking at all those weekly candles, it's hard not to get bullish at this point. Early next week could have some weakness, but there's a good chance the year end rally will soon be under way.

Share
New Message
Please login to post a reply