Finding a Bottom HGSI Doc Top Down Review 10.28.2018
I recorded a video before the futures opened. The futures are up big with the apparent win of the Far Right Candidate in Brazil.
That said, it is how the market closes not how it opens. It certainly feels like the market is trying to find a bottom, whether short or long term as it becomes increasingly oversold. That said there is considerable resistance forming overhead. It is a good time to start to build your watch list. Perhaps we may see an opportunity on the long side soon. That said, oversold markets can certainly become much more oversold.
If you like these videos please consider attending my NOV 28 summit. All attendees (live or internet) will receive invites to both pre and post web sessions, complete recordings of all presentations as well as a plethora of my personal (non proprietary) indicators that I use for TOS, Tradestation and TC2000