Mystrategicforecast

Today’s market featured a miniature flash crash of sorts…The market declined a lot of points in a very short period of time with the media pundits dumbfounded to find an excuse why.We don’t need an excuse, the reason is simple…  There was a lack of buyers in the marketplace. Nothing more, nothing less.What was impressive was the rescue operation that occurred after the fact.  The close was decent, but there are some charts out there that point downward.  There were some clues that will be discussed in this episode, such as the behavior of the IWM and Transports which bucked the trend...The analysis found in these videos is appropriate for both beginning Traders and experienced Traders alike.We look at only technical analysis using charts from various time frames using various vehicles. We use only the Candlestick charts and moving averages to determine our next best case scenario. See acast.com/privacy for privacy and opt-out information.