I'd expect more profit taking to reset the overbought conditions. At this point bounces are more likely to be sold........................
Edited by redfoliage2, 13 June 2024 - 02:18 PM.
This NFP Is Likley to Keep the Fed Remaining Hawkish
Started by
redfoliage2
, Jun 07 2024 09:07 AM
22 replies to this topic
#22
redfoliage2
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Posted 14 June 2024 - 09:00 AM
I'd expect more profit taking to reset the overbought conditions. At this point bounces are more likely to be sold........................
The market is still in over-bought conditions while the market internals deteriorating ...........................
Edited by redfoliage2, 14 June 2024 - 09:06 AM.
#23
redfoliage2
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- Traders-Talk User
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Posted 14 June 2024 - 09:31 AM
I'd expect more profit taking to reset the overbought conditions. At this point bounces are more likely to be sold........................
The market is still in over-bought conditions while the market internals deteriorating ...........................
BTW, I see SPX 5400 likely to be tested today or early next week, and let's see if it can hold or not .....................
