Volatile Week Ahead - Neutral Positioning

7 באוג׳ 2022

Most of June and July were spent accumulating health care/industrial sector stocks.
A nice rally proved profitable picks across all sectors of the market, several stocks seeing double digit gains.
This week we clearly see a test of a major downtrend which began on 01/01/2022.
We should be ready to see some downside coming into this week, or a test to 31160.
I speculate we may see some more down turn past that solid blue line at the very bottom but I do also believe that the bottom is in, and after the next down turn it’ll be nothing but up though again this is purely speculative. After a test to 31,000 (30,000 its lowest I hope but it’ll tell) we should have no problem testing 36,300 in due time. Given that market conditions are fair