If the market does elect to rally, what would be the leader? Feast your eyes on the BTK, here’s a sector that has pulled back to median support and has not been hit hard. The pattern looks mostly benign. A case can be made that it’s also now or never for this sector.
Click charts to enlarge
Jeff Greenblatt is the author of Breakthrough Strategies For Predicting Any Market, editor of the Fibonacci Forecaster, director of Lucas Wave International, LLC. and a private trader for the past eight years.
Lucas Wave International (https://www.lucaswaveinternational.com) provides forecasts of financial markets via the Fibonacci Forecaster and other reports. The company provides coaching/seminars to teach traders around the world about this cutting edge methodology.