This report is a follow-up to my February 21 report which can be read here. For those who started following my work recently, I recommend reading that report in order to better understand how we got here.
Also for new readers, please note: email replies containing charts, market history and thoughtful analysis are always welcome. Any other material discussing current events or theories of how the world should work will be spam-filtered and not read. Also a warning: anyone sending inappropriate or disrespectful feedback will also be permanently blocked. Lastly, (1) anyone who fails to understand the time frames being discussed in this report should stop reading (and shouldn’t be trading in the first place) and (2) anyone who trades based on any information contained herein is fully responsible for their own decisions.
One of the steepest 1-week market plunges of all time could be nearly over – Nasdaq futures even briefly exceeded the worst 1-week loss in October 2008, the core of a historic Bear market. Extreme and historic oversold signals are being generated across nearly all core datasets I run & monitor. Based on prior historic signals, there is a chance (no guarantee) markets bottom and reverse
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