Tuesday, June 9, 2015

Possible Bottom Reversal Day Today In Stocks - More to Follow on This

Today is likely to be flagged as a bottom reversal day in my bottom spotting system.

It is both a nice spot for a bullish reversal on the break of a trendline which ends up being a false break, but also is in a risky spot for unprotected longs with daily and weekly technical indicators down trending and the lower boundary of a rising wedge being broken.  Basically if today's low is broken to the downside, it could be a significant downside washout ahead.

I would like to do some signal performance testing on this later tonight and offer further insight for trading opportunities here.


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