KO, CLF performed well today from the Friday seminar example trade. AA hasn’t followed thru yet, which is an anomaly since materials had an excellent day;
A ton of quality WO patterns on the daily screen; this may be the time to focus instead on broad mkt washout pattern and be ready to buy tomorrow’s best strength
Testing the Friday low, and if it holds there is an excellent short term traders bounce developing here. Hard for mkt ADX to remain > 40
Weekly RSI <30 has been a signal for extremely significant oversold conditions. It bounced from 17 to 31 in last 2 days, now at 18.9
Rline Slope is at -4 sigma, an extraordinary reading; more sideways movement in Rline slope will lead to a very favorable crossover moment