Not exact matches
However, the iShares Emerging
Market Index ($ EEM) has been consolidating in a tight,
sideways range during the same period, and also formed a «higher
low» within its base of consolidation.
When an ETF has so much relative strength that it simply trades in a tight,
sideways range while the rest of the broad
market is trending
lower, it clearly indicates a lack of selling interest.
The European
markets moved
sideways during the first half of Thursday's session, but turned definitively
lower in the afternoon.
In my opinion, most of the selling in the coffee futures
markets have probably already occurred, but seasonal tendencies suggest the overall trend will remain
sideways to
lower through late summer.
We'll have a better idea if this theory is valid over the next couple of months if the
market continues to trend
sideways to
lower.
Bar 8 - Fail, failure breakout high of yesterday second entry sell, possible high of day, but
low probability so swing or wait, but always in long, limit order
market, sellers scaling in above, buyers below, both scalping, magnet above,
low probability short, probably buyers below, and
sideways more likely than down
Sellers stepped in and worked the
market lower for much of the morning before we balanced and traded
sideways into the weekend.
Low trading volumes in the second half of the week the
market to trade
sideways through Friday.
A
sideways - or downward - biased
market is much easier to absorb as an investor if you are earning yield on a
low - beta portfolio, exactly what XLU represents.
In my opinion gold prices could retest the March 1st
low of around 1,303 as we are now trading under their 20 - day moving average, but still above their 100 - day moving average as this
market remains choppy to
sideways in the short - term.
If you're not yet a subscriber, and are concerned about what to do if the
market starts moving
sideways to
lower from here, we sincerely encourage you to give us a try.
The extended
sideways action of the
market on
low volume has made it very difficult to gain traction from any specific theme, much less from general areas of favorable valuation or
market action.
Never trade any candlestick signals during periods of consolidation / accumulation (
sideways, choppy,
low liquidity, etc...) in the
market.
As we discussed previously, a trending
market will tend to surge in one direction and then slow down and either consolidate in a
sideways manner or retrace
lower or higher, depending on what direction the dominant trend is.
October Nymex crude oil futures saw a big rebound from the August
low, but recent price action has been choppy and
sideways as the
market pauses.
«Taking a step back, since last Wednesday, bitcoin and the majority of alternative cryptoassets have been trading
sideways, showing some bullish signs — such as making higher highs and dipping to higher
lows — but the
market still hasn't left its rather long downtrend.»
BTC
markets have produced
sideways consolidatory price action in recent days, following bitcoin's dramatic crash from almost $ 20,000 USD to test a
low of approximately $ 11,000,...