Yesterday's late session reversal was quite bearish and will likely result in further selling pressure for the next few days. However, now that the major indices have rallied through important resistance levels, we are more inclined to take profits/cut losses on the short side a bit more quickly.
The stock market indices ended higher again, but a late sell-off took them way off the highs and may have signaled the beginning of a pullback as the indices are quite oversold in this zone.
Rumors are circulating that in an effort to enable its exporters to compete effectively with China, Japanese authorities are considering some sort of currency peg.
Copyright 2026 Tiger Shark Publishing LLC . All rights reserved.
It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
Free Festival of Traders Videos
Stocks
visit site
printer version
full story