Stock / Ichimoku / Seasonal / DJX / Market Update

Friday was an interesting day. Everyone was spooked the entire week. Last week was the anniversary of the 1987 crash. TV and Radio over and over kept on mentioning it. Therefore, any “spark” would ignite everyone to sell..
With the huge sell off Friday, there still was not much volume.
If we close below 133 by the end of Friday on the DJX then the sentiment has changed to bearish. Until then, we are in a weak bullish mode. October is typically a bad month where a pull back typically occurs.
Also, if anyone believes in the election year trends, they were trading from last September to this September(not predictive of future results). They are not trading this month. Trading will begin for them for November and December to complete the year.
This weak should be interesting………
For EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .

About the Author Manesh Patel