Coming off a historic week, what can we expect in the weeks ahead in the market?
Should you put risk on? Risk off? Sit on your hands?
I’m a Chartered Market Technician (CMT)… one of a rare few in the world and my only job is to look at the markets to figure out where they’re going.
In today’s 6-minute video, I share my thoughts on what can happen post-bloody Monday we saw on August 5th.
Enjoy:
Things I discuss:
- Recap the Nasdaq and S&P 500 levels
- Is the bull market still in tact?
- When I see a pullback coming
- A lesson on technical analysis after a trend break
- What happened 3 years ago after a 5% gap down (and how it could happen again)
- The S&P 500 level that could signal whether the market rips higher or lower
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