An extract from my pre-market report.
The annotation from the slide are excluded. To gain access, get in touch today.
"Analyst Comment: We have seen a continuation of the medium term downward trend following
Wednesday morning's pre-market data highlighting the index trading in a ultra short term high bullish momentum regime but likely to be sold off as it approached the upper boundary of the 21-day linear regression channel (see circled image). Over the two sessions we saw seen the index being sold off aggressively to the tune of 2074 points or -2.9%. Now trading at the
mean of the 21-day linear regression channel."
The annotation from the slide are excluded. To gain access, get in touch today.
"Analyst Comment: We have seen a continuation of the medium term downward trend following
Wednesday morning's pre-market data highlighting the index trading in a ultra short term high bullish momentum regime but likely to be sold off as it approached the upper boundary of the 21-day linear regression channel (see circled image). Over the two sessions we saw seen the index being sold off aggressively to the tune of 2074 points or -2.9%. Now trading at the
mean of the 21-day linear regression channel."