Trading Log: $EEM short term overbought. $USO #Bradley Model
We got a brief rest here from the relentless assualt to a higher ground but tonight might be interesting. My friend mention that there is a luna eclipse today which seem to make me uneasy since planatary turns have a certain effect on the stock market believe it or not.
According to the 2009 Bradley model, the eclipse shouldn’t be factor into the markets.
We should see the EEM attempt to fill the game at 33-34.5. 33.5 would act as the support in this case. How would i play this? any bounce up from $34 should be a signal to add on.
At the same time im looking for signs of weakness in the charts.
Interestingly, the 2009 market turns according to the bradley model is marked here. A turn was implied near 14-15 july, which coincide with the recent uptrend. So this uptrend according to the model should hold for 2 months!
Related posts:
- Bradley Model Predicts Turns in the Market
- Trading Log:Could this be a short term top
- Hussman:Short Term Overbought and Fundamentally fully valued
- To Carl Swenlin:Can we short the market now?
- Trading Log: S&P 500 down 4.66%
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