AI
Saturday, March 21, 2009 5:01:47 PM
The 20% rally from the low SPX 666.79 was indeed Demand Shock rally, and we haven't seem Supply Shock sell yet. We now see many are claiming we have seen IT bottom after markets rallied 20%.
As noted before the SPX 666.79 bottom, the markets were showing inverse H&S formation. Now, the price is showing potential inverse H&S as many traders are claiming. The recent rally was too far and too fast. Will add more comments later. Have a good weekend.
As noted before the SPX 666.79 bottom, the markets were showing inverse H&S formation. Now, the price is showing potential inverse H&S as many traders are claiming. The recent rally was too far and too fast. Will add more comments later. Have a good weekend.
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