With all the unknowns out there...they all seem to be hitting this week, too...it's not surprise traders are guarded. Why expose yourself to losses when support breaks? Is the Fed and the news surrounding enough to bring the market down? How about earnings? So far, just a weak response to some rather stellar numbers.
End of the month and as we head into it, the markets are grossly oversold in the short term. That doesn't mean we'll not get more oversold, rather the condition makes it highly probable for a sizeable bounce. Bears are positioning though, and they are grumbling.
End of the month and as we head into it, the markets are grossly oversold in the short term. That doesn't mean we'll not get more oversold, rather the condition makes it highly probable for a sizeable bounce. Bears are positioning though, and they are grumbling.
