Study: why the stock market will experience some more short term weakness

Troy Bombardia said:
The U.S. stock market has broken down a little recently after a very long and steady multi-month rally.

Historically, this led to some more short term downside. After that, the long term was bullish

https://bullmarkets.co/stock-market-breakdown/
More...

What we have is a pullback in a long term uptrend. Pull up a weekly chart and you can see the trend is very strong. Trend is still up. Trade against the trend if you wish! Individual stocks trade independently, of the major indexes too!
 
You must log in or register to reply here.
Back
Top