Wednesday, November 21, 2018

Back in correction

The latest uptrend died at the opening bell yesterday as the indexes sliced below their October lows.

We now wait in cash for another rally attempt to follow-through.  

The last two attempts failed even after confirmation so it's important to remember that no long-term  uptrend happens without a follow-through, but not every follow-through guarantees a sustained uptrend.

The markets will be closed for Thanksgiving Thursday. 

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