***** Technical Analysis (August 26)****
Technically the market has changed little from last week or the week before.
Currently the breadth and breadth momentum indicators remain bearish in the ST and short-intermediate term. The risk is that the market's weakness could accelerate while any move back up could just be corrective.
The market is probably in the weakest shape since the first quarter of the year.
Dr.Bob's commentaries are not to be construed as recommendations to buy or sell stocks, options, or ETF's as Dr.Bob is not a Registered Investment Advisor. Information and data provided here is believed to be reliable but cannot be guaranteed to be accurate.
Always do your own research and due diligence before investing or trading. Remember that Technical Analysis can change by the day, and as such, one day's TA may not be the next day's TA interpretation.
Dr.Bob's mission is to teach Technical Analysis and demonstrate a structured approach to Market Analysis, for position and swingtrading. There are many other TA structures, strategies and systems.
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