Home > Stock Market Strategy, Stock Market Timing > WALL STREET CRAPS STOCK MARKET STRATEGY AUGUST 31, 2019

WALL STREET CRAPS STOCK MARKET STRATEGY AUGUST 31, 2019

September 1st, 2019

craps front coverSTOCK MARKET STRATEGY FOR AUGUST 31, 2019: The stock market is currently in a tight trading range with its 4th trip up to the top of it on Friday. With the internal indicators in neutral territory across the board, I’d expect the trading range to continue without a breakout to either the top or bottom in the next few weeks. Don’t be surprised if the rally continues for a few more days on hopes for a trade deal with China only to find disappointment and threats again by next weekend…..and another drop to test the bottom of the range.

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The stock market is in the middle of its trading range in terms of the internal indicators. It appears that the market will continue upwards for a few more days before taking another trip to revisit its most recent bottom.

Be Sociable, Share!
Comments are closed.