Toni Hansen writes that her bias on Tuesday is again more on the bearish side. We still aren't seeing follow through on upside moves for anything other then brief spurts of momentum.
Toni Hansen writes that the lack of strong confirmation on the upside moves, punctuated by a lot of choppy trading, leaves the market susceptible to rapid sell-offs.
Toni Hansen writes that her bias heading into the weekend is still more on the bearish side, and will be watching primarily for a 15-30 minute base for a breakdown.
Toni Hansen writes that she will continue to focus primarily on the intraday action since the larger market remains well entrenched in a trading range.
Toni Hansen writes that the market is going to remain at the whim of news and earnings this week and it will be more difficult to sustain a bias from one session to the next.
Toni Hansen writes that the market will remain under the influence of key earnings reports and economic data, in addition to Middle Eastern concerns, throughout the week.
There's a lot going on in the world right now. Earnings, economic data, geopolitical concerns, and much more are weighing heavily on potential swing trades.
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