Reasons for Optimism, yet a bottoming process takes time

Technical Strategy Video:

Key Takeaways

  • Monday’s reversal was a technical positive after multiple down days, but a retest looks likely, and should provide better buying opportunity on any weakness into FOMC
  • Breadth, momentum, and Fear indicators starting to signal a trading low is close
  • Signs of capitulation should be in place by Feb. 2022 to suggest a more meaningful low 

Bottom line- Carving out a meaningful trading low t...

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