Stockbee: A sideways action after a big bounce

A sideways action after a big bounce

December 27, 2016

Markets have settled in to sideways action after a big bounce. The extremely bullish breadth readings few weeks ago pointed to this.

Many stocks that made a big move in the bounce are going sideways and setting up for next up leg. In the short run the sideways move might continue for few weeks.

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A sideways action after a big bounce

December 27, 2016

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