Successful Retest Or Concerning Bearish Set-Ups?
Weekend Update
In a September 14 post, the concept of a breakout and retest was covered in detail (see example below).
This week’s video covers the 2016 breakout and recent spike in volatility allowing us to better understand the present day market’s risk-reward profile via historical references.
Video Length - 00:31:30
Fed Takes Center Stage…Again
Next week’s calendar features policy statements from both the Federal Reserve and Bank of Japan. From The Financial Times:
“By this time next week investors will know the outcome of the monetary policy meetings of the Bank of Japan and Federal Reserve. Yes, both decisions will be revealed on September 21, providing a quick one-two of ‘risk events’ that could provide intense market twitchery.”
Long-Term Market Signal
The video above provides an update to a rare and long-term market signal; more detail can be found in an August 20 article.
Disclosure: This post contains the current opinions of the author but not necessarily those of Ciovacco Capital Management. The opinions are subject to change ...
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Thanks for sharing