by Summary:
Always the contrarian, instead of expecting further strength in the market, the bearish BMO technician who last week predicted that a retest of the December lows now appears inevitable, Visch reminds his clients that the short covering rallies that occurred last Fall averaged 7 sessions with an average trough-to-peak gain of 7.28% "so if that’s any guide we’re right in the zone where this latest surge should begin to run out of steam." https://www.zerohedge.com/news/2019-06-11/charts-turn-ugly-were-right-zone-where-surge-should-run-out-steam
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Always the contrarian, instead of expecting further strength in the market, the bearish BMO technician who last week predicted that a retest of the December lows now appears inevitable, Visch reminds his clients that the short covering rallies that occurred last Fall averaged 7 sessions with an average trough-to-peak gain of 7.28% "so if that’s any guide we’re right in the zone where this latest surge should begin to run out of steam." https://www.zerohedge.com/news/2019-06-11/charts-turn-ugly-were-right-zone-where-surge-should-run-out-steam
Topics:
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Always the contrarian, instead of expecting further strength in the market, the bearish BMO technician who last week predicted that a retest of the December lows now appears inevitable, Visch reminds his clients that the short covering rallies that occurred last Fall averaged 7 sessions with an average trough-to-peak gain of 7.28% "so if that’s any guide we’re right in the zone where this latest surge should begin to run out of steam."