HGSI Doc Top Down Review 2.28.2021
Published earlier on the HGSI Community Forum. For earlier access subscribe at the HGSI Community Forum.
The market is at an important line in the sand. How we trade early in the week will likely give us direction as to whether we CHOP DROP or POP.
Growth had its second week down in a row and many major indices and prior leaders have pulled back to support.
As I show you technology is leading to the downside but most major indices range in the – 5-8% off the all-time highs.
I learned from IAN a long time ago that the line in the sand is at 8%. As I show you we are getting close.
Will we continue to see BUY THE DIP or are we about to see more volatility?
Now with the JNJ vaccine being approved perhaps now, we can get some momentum on the vaccine front and further stimulate the back to normal industry groups.