lowtrade

[Filterthenoise]

Short term accumulation and long term accumulation. The past year of flat market was not distribution IMO. Absolute accumulation.

Surely they could drop it severely for more accumulation but unlikely before Xmas. Very unlikely and if you look at many equities they are already been dropped and now bottoming. Chances are we are about to see another longer term bottom put in shortly.


The December 3rd candle certainly raised the caution flag but i simply dont see much many other solid reasons not to be optimistically bottom watching at this moment. Divergences are still positive. TVIX butting its head into solid supply at 55 to 65. A close above 60 and i might grow weary. Otherwise watching for a turn around by mid week.