Market Health, Tops Down & Bottoms Up With Jack Tacher | Traderlion Conference
The TraderLion Podcast
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Are We in a Green Market?
I have to look at the sum of the evidence, the overwhelming narrative, what the charts are saying. Price action is the primary indicator and all of the indicators and inner market analysis are always secondary information as a function of price. If we get one more push lower, we'll love to see it really wash out into this green area as a contrarian indicator for potential bottom and reversal. I'm looking for a capitulatory type moves. That's a pretty good washout. Recently we got down to roughly 12% level or so. And we couldn't get lower. We came back, made a slight higher high here. We'll see if that plays out or not that has any meaning
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