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  • El mercado continua weak (Video in Spanish)

El mercado continua weak (Video in Spanish)

randholm
September 28, 2015 9:34 am / Published in Video

El mercado continua weak (Video in Spanish)

Overall, the market is acting exactly as I have mentioned often lately, that being that the bias here is sideways to down and not just down. I think the simple reason for this is that the consolidation after the 8/24 low simply took too long and built out too far to the right. This creates a good deal of support all over the chart and it’s difficult for prices to get lower. A cleaner move to the downside would have been a bounce and then quick retest of the lows.

 

 

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