No changes for me as it looks like we are headed down into the daily cycle low. Jeff is already buying, and it can be seen on a real-time chart as buyers come in every time we BT the 20 EMA. I'll be waiting some more before taking another VXF position. Retail traders were/are at a rare extreme so we shall see when that corrects back to a normal level. The data is on my SPX tracking chart...
Good trading.
I'm still long GDXJ and added again today.
$SPX | SharpChart | StockCharts.com
VXF | SharpChart | StockCharts.com
https://www.jeffclarktrader.com/mark...days-downturn/
I would have preferred to have seen a selloff towards the 50-day moving average line at about 2705 to set up a good buying opportunity. At the very least, I was hoping for a decline to the 20-day EMA.
But the stock market is resilient.
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