Saturday Review Link
Friday afternoon’s slide fulfilled the likelier bearish scenario by only probing temporarily into the prior Friday’s range. A plunge to new lows was the less likely bearish scenario, and it can’t be ruled out for Monday. What had been the less likely bearish scenario is now the likelier bearish scenario, and the likelier scenario overall if Monday’s open isn’t rallying.
Be sure to join us by 9:30am ET for this weekend’s Saturday Review. Specific levels and behaviors Sunday night and Monday morning will help to anticipate which path the market is following. After discussing the bigger picture and gaming out strategies for playing next week’s likelier opening setups, we’ll do instant analysis of any stock charts that you request… See you there!