I’ve gone through all my weekly charts. Everything looks terrible. Nasty breakdowns and downtrends are all over the place. Investor sentiment is at all-time lows. Everyone is bearish. Volatility is rising. $IWM weekly bear flag We've got breakdowns in energy and materials. Utilities are selling off or failing to show break-out continuation. Even the strongest stocks are getting sold off now. I see evening star or shooting star candles on many charts. Even the strongest charts look like they're rolling over.
Some thoughts heading into the week
Some thoughts heading into the week
Some thoughts heading into the week
I’ve gone through all my weekly charts. Everything looks terrible. Nasty breakdowns and downtrends are all over the place. Investor sentiment is at all-time lows. Everyone is bearish. Volatility is rising. $IWM weekly bear flag We've got breakdowns in energy and materials. Utilities are selling off or failing to show break-out continuation. Even the strongest stocks are getting sold off now. I see evening star or shooting star candles on many charts. Even the strongest charts look like they're rolling over.