Wk34: Mkt Forecast

23 Aug

Lots of news this week beginning on Tuesday with Existing Home sales and ending with GDP will make for a nice week of trading. During times of rotation as we saw over the past two weeks the markets can be extremely whipsaw like and almost untradeable at times. It is perfectly okay to be on the sidelines during these times, patiently waiting for the next trade. Refer to our post on trading like a cheetah. We’re Looking for a rally this week. If it is sold into, look for a big move lower. If we break prior swing highs, then the rally will continue.

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