Failing Bounces

Mar 25, 2021 | Daily Note

  • We're seeing a lot of failed bounces in the last few weeks
  • Dip buyers are still eager to buy all dips but will this continue if we move lower? 
  • It's useful with corrective action to look at the 60-minute charts to navigate the lower highs and lower lows
  • On this note are a few important internals that are not oversold, sector ETF review, Bitcoin, Crude, Ark outflows