TraderLion Market Recap and Next Day Review for Jan. 12, 2018
Using the bearish candle discussed yesterday on the $VIX as the backdrop, the markets continued its relentless move to the upside today. Simply put, traders front-running a move to the downside are either dead or currently on life support - no pun intended. Additional indices are confirming on their strength indicators that potentially more upside is expected for the rest of 2018. However, short-term indicators are showing a slightly different story. How are they out of sync with what is happening right now? We review this plus how our measured targets in $DJT and $OIL ($USO) were hit in tonight's market update.
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