CONTRARIAN EXTREMELY BULLISH INDICATOR - Flashed on 5/16
DeMark indicator went to it's highest reading on 5/16 indicating a reversal dead ahead. This indicator is rare, i believe only 7 registered and all but 1 was correct.
I am just presenting to you the possibility of a strong rebound that has already started. I will keep this in mind but have not yet changed my position. In fact this indicator might be a tad too early (IF) I get my crash this week.
Who knows. Just playing my target bottom for now. Actually placed short term CALL expiring Wednesday.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.