| Weekly Trend: | Down | |
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Down |
Today showed all the hallmarks of a blow-off low; wide range, high volume and high closes. There are numerous stocks exhibiting Type-A Bullish divergence and these blow-off traits. A good combination. The only issue I have is that the the ranges today were very large and not really within the realms of our ‘low risk’ entries. That said the probability of upside follow through is high. If you do have an interest in quality stocks and you’re prepared to wear some more volatility, then today is a good confirmation that a decent bounce is upon us. A similar session in the US tonight would be a very strong technical trait.
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