The momentum in the markets appears to to the downside. However, the market is now oversold and the indexes are approaching their 50-Day MA’s. We could get an oversold bounce.
Saxo Bank is predicting a 10-15% correction in the US markets within the next two months. They have some very informative trading newsletters, which are free. I like Wakeup Call, which is very good.
Anyway, my plan at the moment is to catch an oversold bounce in the markets, then go short. Of course, this "plan" is subject to change at any moment.
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