So that’s the bottom?
We’d never make such a claim.
Should the market rally from here we’ll be looking for key events.
As intermediate-term Growth Stock breakout players were looking for Follow Through, or high volume buying, beginning Tuesday.
Waiting four days gives shorts time to clear out before any real buying can be discernered.
We’ll also want to see Leadership assert itself. This is a quality the market has been lacking for some time and a main reason why we haven’t changed out bias from Bearish in so long….