The market has seen a significant oversold bounce from the Tuesday afternoon low, and we expect further volatility ahead of the mid-term election and employment number.  This is going to be a difficult bottoming process as it always is – it will take time to repair the technical and psychological damage of the past month.  In other words, now that the snap back took place, there is no reason to take a big stand until we get better trade and Fed clarity.

Sign up for more access!

Access additional content across the site when you sign up for an account.

Share this: