The Dow’s Dip Leaves Room for a Pullback

The market had its 1-2 day sell-off we were looking for late last week and it’s now oversold.

After the Dow put in its worst week of the year combined with bond prices plunging, I would have expected to see more extreme oversold conditions coming into today. But the average ConnorsRSI reading on all the liquid Country fund ETFs is at 33 this morning signifying the market has room to pullback further.

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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