SE ND | dakotaboy - 7/2/2018 02:10
My market advisor I listen to says going down into the 4th makes for a rally into Labor Day. Them a rally into the 4th we sell off into Labor Day. Any thoughts?
I'm kinda into cycles myself, but have only scratched the surface on understanding them. Without a doubt there is something there, imho. The issue is, if you are expecting a runaway rally higher we have confirmed pivots by sellers on this last swing. Price will need to deal with them before it can get the higher targets achieved. By far, the majority of the move lower is over. Price will likely now work on completing the turn. The fact your advisor suggests a rally here tells me he/she understands that price swings. |
July 4th market turn
