What we simply do on a daily basis is look through photo albums for familiar faces…that being the fear and greed patterns of price being traced out.
Just letting you know the recent rally back up after the nauseating drop is starting to look like nothing more than a violent, oversold wedge to the upside and needs to be watched. Anything is possible with the continued central bank-induced markets but patterns play out. There are many areas already in very poor shape…even with the rally. There are many areas that are hitting a wall in and around the 50 day moving average…with other areas initially moving above and then dropping below.
Stay tuned. At the very least, this is a tougher proposition on a daily basis. Will get more specific tonight or tomorrow morning.