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Using "Big Picture" Analysis to Guide Trading Decisions - Brent Penfold
Better System Trader
Is It Safe to Get Back Into the Market?
Major turning points are usually a company-bike of pitulation. And then the market always rotates back towards the value area, the pivot here. This happened during the pandemic, it was over-stotted. But then you rally. Look where she first stops. Back to the 10-year projected resistance came off. It rally went through it, blew, so strong. And it hit here and where, I guess where it stops, it's first stop here. For right now, the market is very well supported. So for me, I've got to be cautious. To me, there's no capitulation. In addition, major turning points are also usually accompanied by what
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