In order to see and enlarged version, click here.
Bottom line, at this point we'll probably see a test of the 200 Day MA's for 3 of the 4 Indices as the IWM has been weaker all along and is already below that key level.
The way these markets act is all the more reason to not have a directional bias.
Every day I see another "mentor" or "trader education" site stressing that they know where the markets are headed.
Clearly, after the past number of months, it's obvious that nobody knows.
This is why we prepare scenarios and find ideal correlation stocks so we can quickly enter the right situation as opportunities arise and another reason we advised purchasing CVOL last week at around $1.03($1.38 presently)
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