Market at Memory support after pullback - Weekly Market Roundup 8th Sep 2018
Channel: Trading Profitably
Date: 2018-09-10

Market at Memory support after pullback - Weekly Market Roundup 8th Sep 2018.

Instruments Discussed: USO, GLD, SPY, QQQ, DIA, IWM, AOBC, EAT, BLMN, WYNN, GLRE, BFR, GGAL, BMA, BBD, SNAP, MRVL, MNKD, etc.

The market pulled back last week, and the pullback happened with higher daily volume. Looking back, large volume days on CUE charts are more down days (red) than up days (green). Some of the broad market instruments displayed the possible reversal Headwind signal. They are all in an uptrend. And most of them are seating at or near Memory support.

In the past several months, after every pullback, when the market found support from Memory or Direction lines, it went back up. What will happen this time? We don't know. However, CUE trades would be the first to know based on the 360° Analysis encompassing market, sector, industry and stock analysis using visual systems.

Whatever be the market condition, there are always low-risk trade opportunities that you can identify using CUE systems, as you will find once again from this roundup. We of course, as usual, cover the top-down market analysis to see what happened last week and what may be in store for the coming week.

Time to grab your favorite drink and hit the play button.


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