My latest piece at TraderPlanet just got posted. I discuss whether an type of bounce we get from Friday’s close will last or if the bears will take control.
We are likely due for an oversold bounce from the close on Friday (10/12) after the market attempted a double top in the S&P 500 with its test of 1470. Last week’s weakness brought us to the 50-day Moving Average on the S&P as well as the lower trend line.
Click over to read the rest.
Source: Will The Oversold Bounce Last? (TraderPlanet)
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