SPOT ON SIGNAL FROM THE ARORA REPORT AHEAD OF UGLY REVERSAL SELL OFF BUT MOMO IS BACK, THE NEXT TELL ON GOLD AND BITCOIN $BTC.X $GLD $SPY $QQQ
This post was previously published on ZYX Buy Change Alert. Spot On Signal In Advance Of Ugly Sell Off Yesterday stocks traced an ugly reversal pattern with heavy selling. The last time such a pattern was seen was in August of 2017. Normally such a pattern is negative for the stock market in traditional technical analysis. In extended markets, such a pattern is often also the top. Yesterday’s Morning Capsule gave you a spot on signal ahead of the sell off. In the Morning Capsule we wrote: The momo crowd is aggressively buying stocks in the early trade pushing Dow futures to