Market in correction

Finally a correction in the latest move to the upside, as we moved up we kept looking for the point where the sellers were in control for a short time, corrections are a good thing, they are a significant part of a trend, straight up moving market is usually atypical of a trending market, so finally we got the correction we were forecasting in previous posts (see here).
Now that we see RSI back to normal levels we are out of the overbought area and are ready for the next leg up. This, of course, does not mean that the next days will 100% move up, we state that the correction unwind the market and enables us to enter new long positions in favorable prices, which we do in our long equities portfolio.

Trade Safely,
Alon

Market in correction , AlphaOverBeta Market Outlook by Alon_AOB on TradingView.com

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