Has the Market Finally Hit Bottom? Here’s the Answer…

All three major averages remain below their respective 200-day moving averages. That means we have to give choppy and/or lower prices the benefit of the doubt until the market begins to give us clues that it has repaired the damage. It also means we might have to endure strong rallies that give us zero follow-through and plenty of fake-outs in both directions.

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Greg Guenthner

Greg Guenthner, CMT, is the editor of The Rude Awakening Pro, The Seven Figure Formula and Profit Spy. Over the past decade, Greg has helped build the small-cap and technical research teams. His analysis has appeared in Forbes, Yahoo Finance, Bankrate, and countless other publications. Greg is a member of the CMT Association and holds the...

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