Overall Health of Global Markets Deteriorated
Good Morning.
The market is now short term oversold. The overall health of global markets have deteriorated as we’ve discussed since the beginning of the year. The last stand for the US is it’s still above the 200 day ma technically holding its bull market status. Long side entries in US indices are viable here on further pullbacks.
Also, I wanted to let you know that we will be publishing a new guidebook on Monday. This one specifically applies ConnorsRSI in a brand new, more advanced, way to ETF trading. You’d be remiss not to look at the stats for this strategy. You can find them here: The Advanced ConnorsRSI Trading Strategy for ETFs.
Today’s Potential Opportunities on Further Pullbacks:
ETFs