MARKET COMMENTARY: 3/5/18 by Woody Dorsey:
NEAR TERM: ‘As noted on Friday, bounces are likely this week especially into the dates are for members only–join now..date. But further failures are still due. Will discuss tomorrow.” From the technical front, the /ES held the important 2670 support mentioned in the morning notes. The inverted head/shoulders pattern is in play and has a potential upside target of 2760-ish /es. (currently trading at 2713) Resistance is at 2730 on the spx and if it can break above that line, we could see 2754-ish in the coming days.
The information contained herein was provided by Sentiment Timing does not make any representation or warrant with regard hereto, including but not limited to those of accuracy, completeness, reliability, timeliness and/or infringement on the rights of third parties. This Publication expresses a view on the markets but is not intended to provide any specific recommendation to buy or sell any security. Investing is Uncertain and always carries Risk. Of Losses. Subscribers should always assess Market Risk parameters with their broker or financial adviser.
Information is for paid subscribers & may not be copied or distributed. © Copyright 2017.