Commentary

8/26/21 The Far Turn

The three powerful white candles, beginning last week Thursday, no doubt convinced panic sellers that things were actually just fine. Of course, it was better to reduce size this week than last week.

The seasonality issues with September/October are worth taking into account.

XLI hasn’t made a new high and is a bad day away from testing the recent low around 102. However the overall chart seems more bullish than bearish.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s