The cycle top suggested for Thursday carried over to this mornings open. On the 15 min chart there was a Japanese shooting star candle in the first 15 min of trading. A bearish pattern. By the afternoon the market retreated at least 50% and now it is only up 6 points. Triple witching days are volatile.
But yesterdays cycle suggestion also indicated a possible short term bottom on Monday. So far today's action helps that scenario. Weak Fridays sometimes bring on weak Mondays.
This has been posted for Educational Purposes Only. Do your own work
and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
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