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Technically Speaking: Tis But A Flesh Wound

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Posted by Lance Roberts - Real Investment Advice

on Tuesday, 06 February 2018 06:53

Flesh-Wound

In this past weekend’s missive, I discussed the recent market sell-off:

“Well, this past week, the market tripped ‘over its own feet’ after prices had created a massive extension above the 50-dma as shown below.  As I have previously warned, since that extension was so large, a correction just back to the moving average at this point will require nearly a -6% decline.”

Chart updated through Monday

 

.....continue reading HERE


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