The Market Is Still In A Confirmed Downtrend by finprep

markets · @finprep · Jan 6 '19

$88.67

The Market Is Still In A Confirmed Downtrend

Thursday and Friday were two wild days in the markets.

Friday saw a massive run up after a big pullback on Thursday.  Apple's guidance crushed the market on Thursday while the jobs report and Chairman Powell's statements pushed it up on Friday.

All of this changes nothing in the immediate term.  The market is still in a downtrend as evidenced by the breakthrough of support a couple weeks ago.

This is now the resistence level.  Failure to break that means we could see a 21 handle.

Click on image to read full story.

[![steem.png](https://cdn.steemitimages.com/DQmZiCoTwrHnWhBWMF7gGbnHCoLunVDVrqUQGcYEkEbHb7g/steem.png)](https://realinvestmentadvice.com/the-market-is-still-in-a-confirmed-downtrend/)

👍 appreciator, therising, upmewhale, upme, rocky1, promobot, booster, postpromoter, smartsteem, inciter, joeparys, finprep, thebot, dailyupvotes, neoxian, sureshot, edensgarden, profitvote, tombstone, zer0hedge, experiment, mahsumakbas, andreasgrubhofer, marlon6, nutritree, eforucom, mgranja, apoloo1, accelerator, psygambler, adal111, agromeror, copyit, shammi, gormogon, roswellrockman, cjunros, goodshepherd, afrikan1, blog-fictions, cadawg, cryptotradingbd, sqube, vyaduka, curation.trail, bukiland, yusrizakaria, liketimmy, steem.racing, sunshinebear, infocomm, lawyerup, ohreally, tokenteller, alexanderrigov, followjohngalt, luna777, upvotemenow, cavampire, cifer, ibringawareness, ralph-rennoldson, stu-precious, coconut-chanel, and 339 others

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