HGSI Doc Top Down Review 5.16.2021
Previously published earlier today, on the HGSI Community Forum. For earlier access to Dr. Scotts Top Down Review,
please register at HGSI Community Forum.
That was a fun week!. The markets trapped a few Bulls early Monday and then most of the indices sold off and traveled Below their anticipated Weekly Expected Move Low on Wednesday. The week ended with a strong 2-day rally and got us back almost to where it started.
Based upon the strong close and some stronger seasonality over the next couple of weeks, we might see a few more days to the upside. That said, I do not expect this to be a new Bull Market but rather a retest of old Highs and them potentially a move lower. Of course, I am just a doctor and this is just a guess. Like you, I will be trading the market we have not the one I thought we would have on Saturday night.
I am moving houses in FL so for the next 2 weeks I might not be doing a review. This will depend on how much packing I can get in between work Zoom Calls.
Comments are closed.