Should traders expect bad news soon

We’ve been discussing for a few days that the market is in somewhat lofty territory.  It needs to eat some time off the clock and pull back to work off some of the overbought condition (which there is no measurement for)In tonight’s episode, we’ll also go over something from a long term perspective that is out there, and you likely won’t find anywhere else.The stock market and major indices are certainly in overbought territory, however there's no real time measurement for overbought or oversold condition. Market  technicians use this term very very Loosely however only have lagging indicators as measurement tools. They can keep those for themselvesThe analysis found in these videos is appropriate for both beginning Traders and experienced Traders alike.We look at only technical analysis using charts from various time frames using various vehicles. We use only the Candlestick charts and moving averages to determine our next best case scenario. Hosted on Acast. See acast.com/privacy for more information.