Hello traders,
Looking at the markets in this and last week, Many traders ask themselves two basic questions this week:
Is the market in correction mode?
Is the market on a bearish cycle?
According to our models the market is in correction mode, so answer your question #1 is: Yes
We are definitely not in a bearish cycle, the market had a correction that is not anywhere near bearish talk, so the answer to question #2 is NO!
According to our forecasting models, we still have some more downside risk all the way to 315, in case the market reaches 315, equity valuations will be very attractive to many buyers and we forecast that a new up wave will start again.
Trade Safely
Alon, AlphaOverBeta
Looking at the markets in this and last week, Many traders ask themselves two basic questions this week:
Is the market in correction mode?
Is the market on a bearish cycle?
According to our models the market is in correction mode, so answer your question #1 is: Yes
We are definitely not in a bearish cycle, the market had a correction that is not anywhere near bearish talk, so the answer to question #2 is NO!
According to our forecasting models, we still have some more downside risk all the way to 315, in case the market reaches 315, equity valuations will be very attractive to many buyers and we forecast that a new up wave will start again.
Trade Safely
Alon, AlphaOverBeta
How can I help you algo trade?
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
How can I help you algo trade?
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.