| Weekly Trend: | Down |
|
| Daily Trend: | Up |
|
| Daily Momentum: | ___ | Up |
The market is at a point of indecision. The weekly trend remains down, but daily trend and momentum are up, albeit just. We’re either seeing the market attempting to establish a new upward trend or we’re close to seeing a reversal, just like we have seen so many times over the last 8-months. We’re certainly in a very over-bought situation in the near term so caution is required.
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