While it’s easy to think that this market has bottomed and is on it’s way up, I am not seeing any bullish signs that would back that theory up. Sometimes it’s hard to pass up what looks like a buying opportunity to play it a little safer, but that’s exactly what I’m suggesting. I see more selling action in the coming weeks and until I see a retest of the recent lows with support holding, I will remain short (as long as my timing signal remains on sell).
Now to the charts..
