Discover more from Amphibian Trading
The Market Navigator remains defensive. The buy switch is off, but can flip on any day now with a follow through day.
A follow through day is a gain of 1.25% or more with volume greater than the previous day.
While we remain on the hunt for a follow through day, it is a good time to look at past market bottoms and how new rallies begin. In the video below I review follow through days, distribution and walk through the 1998 bottom.
Thanks for reading! If you enjoyed this article please help support my work by doing the following:
Follow me on Twitter @amphtrading
Share this post using the button below
The content presented is for informational and educational purposes only. Nothing contained in this newsletter should be construed as financial advice or a recommendation to buy or sell any security. Please do your own due diligence or contact a licensed financial advisor as participating in the financial markets involves risk.