For the week ended February 24, there were 11 charts with multiple buy signals as of Thursday or Friday, and 113 with multiple sells. That’s a big number on the sell side, suggesting a change of trend in the market. But the setups weren’t great for entering shorts here. I would expect better setups after the next rebound.
When I looked at the charts with buy signals, none were interesting. On the sell side, the first moves had been made, and this didn’t look like a good entry point. I’ll wait for the next setup where there are charts that show rebounds to resistance with new short term sell signals.
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