Let’s see we were higher last Friday by Dow 200 points, Monday down 200 points, Tuesday up 200 points, Wednesday down 200 points and Thursday up over 100 points.
Is that a victory for bulls? Hardly.
Volatility is especially high to which you’d logically respond— “no kidding!”
Thursday’s rally didn’t exceed 200 points but bulls are watching crude oil price gains like a bottom is dari-java.nl now in. But is it really? If you believe the questionable notions that OPEC and Russia can lower production by 5% and would do so without cheating, then I have a bridge to sell you.
Lower highs and lower lows remains the bearish factor