Strategies for Short Term Traders: More Selling Likely Near Term
Good Morning.
The markets are mildly oversold coming into this morning with the 2-period RSI of our Country Fund ETF Universe at 35.19. Ideally we’ll see 2-3 days of a pullback here, setting us up nicely next week for the end-of month upward bias that has historically occurred.
The above is from Larry Connors’ Daily Battle Plan.
To learn more about the Daily Battle Plan – including access to Larry’s daily ETF trading signals, click here for more information.
Larry Connors is founder and CEO of TradingMarkets.com