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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (30869)	5/13/2022 6:31:34 PM
From: Les H	1 Recommendation Recommended By towerdog Read Replies (1) \| Respond to of 51677

There was a late intraday bullish reversal on Thursday, May 12th, and on Friday, May 13th, closed the session with a bullish price flip on the daily. This solidifies that an oversold bounce has commenced. This bounce back also looks fairly low quality as the leaders such as Apple and Microsoft showed mild buying enthusiasm, while the junkier long duration stocks soared. Furthermore, the intraday market action on Friday could not break above 4046.37 where there are multitudes of short term TDST Resistance levels. All this suggests a V bottom is not likely. tradetrekker.wordpress.com