Markets are pretty oversold after the recent decline Steve
showed in the newsletter. The chances for a reversion to mean rally
to happen have gone up a lot. The market is used to just selling
and shorting at will now. I bet if we saw the Rydex bear fund data,
it is right around an inflection point here for a rally. Not saying
it can't go down, just that the risk/reward is to retrace and rally
at some point for at least a reversion to mean. There is a gap at
4,123 and supply zone at 4,150s shown to start.
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What caused futures to reverse
Posted by lamb on 11th of May 2022 at 06:57 am
What caused futures to reverse upward. Is is possible for CPI #ers to leak out before 8:30 E.T?
Markets are pretty oversold after
Posted by fundamentalvalues on 11th of May 2022 at 07:07 am
Markets are pretty oversold after the recent decline Steve showed in the newsletter. The chances for a reversion to mean rally to happen have gone up a lot. The market is used to just selling and shorting at will now. I bet if we saw the Rydex bear fund data, it is right around an inflection point here for a rally. Not saying it can't go down, just that the risk/reward is to retrace and rally at some point for at least a reversion to mean. There is a gap at 4,123 and supply zone at 4,150s shown to start.