A little ugly coming our way

2023년 2월 11일

This past week the bar was caught between the previous bar values which is typical of an adjustment to prices.
The result was a close for the week in the lower 40% of the bar which adjusted the previous bar to a close in the mid section of the bar, or ~41.64% of the previous weeks range. This indicated indecision of a bearish nature.

A potential test of 4007.23 - 3867.02, of which the lower section is testing the mid-December range of 3389.82 - 3746.49

Tighten your stops-losses to just below (by about .002%) this weeks low bar on anything you are trading if you have anything in profit.
This will lock your profit in and should provide you with a potential discount to buy back in after the the test completes itself.

The sectors look like as noted below:
Discretionary - Bearish
Info Tech - Neutral-Bull
Telecom - Bearish
Real Estate - Bearish
Materials - Bearish
Financials - Neutral-Bear
Industrials -Neutral
Staples - Bearish
Health Care - Bearish
Utilities - Bearish
Energy - Bullish

Keep you stop-losses tight

-PriceProphet