Nothing happens in small measures in stock markets anymore these days. Either DOW goes down 400 points or it goes up 400 points. The question that is in everyone’s mind; “ do we have a tradable bottom”? Let us read on to find out.
Given the fact that HFTs and ALGOs rule the market, in short term the markets are ruled by irrationality not economic fundamentals. I would like to draw your attention again to the Russle chart I showed few days ago. Does it look similar? If it does look similar, that is because we are in a similar situation.
Please continue reading here;