Previously published on the HGSI Community Forum. For earlier access to Dr. Scotts Top Down Review, please register at HGSI Community Forum.
Welcome to this Week’s Review
What a week in the markets. We started with a bang as Futures sold off into the market open for most of Monday and early Tuesday. The markets did a U-Turn late Tuesday and traded up the rest of the week.
The indices have regained lost moving averages and are close to moving back into the regression channel. We are still in a tough time for the market from a seasonality perspective, so we need to ensure prior support does not turn into resistance.
Remember, this is education only. My goal is to help you BECOME YOUR OWN GURU.