The U.S. market is again slightly oversold while most of the world remains overbought.
There’s a good chance that the global markets will move in-line with the U.S., especially with the U.S. futures pointing lower this morning.
A healthy 1-2 day global sell-off is what the market needs right here and it will then provide some very good leveraged ETF buy set-ups heading into the weekend.
The above excerpt is from Larry Connors’ Daily Battle Plan – A professional-grade trading information service that will help you understand the quantitative metrics behind each day’s market conditions and how they point to selective strategies for high-probability trades.
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