Daily Market Intelligence 1/24/22

The down is not over.

The models are neutral and will go to negative on a rally to nowhere after the Fed.

Spoo 100X3 is just hanging on by a thread.

Markets move from one matrix level to the next!!

Spoo is off almost 300 points from a failed rally into late London on Thursday.

There will be oversold trading rallies that I expect will be short lived.

Indices have traded overbought for years.

Now that the market is bearish, we’ll trade oversold.

This entry was posted in Archive and tagged , , . Bookmark the permalink.