Mid-week market update: Two components of my Bottom Spotting Model flashed buy signals last Friday. The VIX Index spiked over its upper Bollinger Band, and the NYSE McClellan Oscillator reached an oversold condition.
In the past, the triggers of two or more component buy signals were signs of tactical bottoms. This time, my inner trader is staying on the sidelines. Here's why.
The full post can be found here.
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