26-Apr

Inability to rally from oversold conditions

Hello SpikeTraders,Markets failed to follow up on yesterday's reversal from oversold conditions and closed near the lows of the day. The Dow Jones Industrials fell over 800 points. Too many negative catalysts are keeping any demand from forming and then supply re-enters the market. One of the signs of a weak market is the inability to rally from oversold conditions. Let's look at the charts...

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