Combined with indications of a sentiment washout, this is a classic price reversal day that portends the short-term rally that I was looking for.
Global Risk Monitor: Week in Review – July 10
9 hours ago
Tuesday, May 25, 2010
A classic reversal day
US equities experienced a classic reversal day, where the market opened up spiked down, rallied and then closed at the highs of the day.
Combined with indications of a sentiment washout, this is a classic price reversal day that portends the short-term rally that I was looking for.
Combined with indications of a sentiment washout, this is a classic price reversal day that portends the short-term rally that I was looking for.
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