Visibility: Public
Read/Watch Time: 49 minutes and the Red List is included
This rally seems tired.
Is the low volume due to a Holiday week? Is it exhausted and the buyers are done? Do the buyers come back and run this thing even higher?
Does retail holiday buying on Black Friday and Cyber Monday look great and tell us the consumer is roaring back?
Does the Federal Reserve only hike rates by 0.50% and send the markets higher?
We follow price. We have short-term rallies in many things. Our systems let us participate in those.
Our system shows us what looks weak. It also shows us that the long-term trend is down (Bearish) and the short-term trend is up.
Plus, looking at the $VIX through our charts, we can see that things may change fairly soon.
Buckle up.
Please feel free to teach this to your family and friends. We appreciate the referrals.
Here is the video link: https://squiggletrader.com/wp-content/uploads/2022/11/Markets-Update-Tired-11272022.mp4
Cheers!
Bo – Chief Squiggler
Help Yourself. Help Others.
Disclaimer
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