May 31- CHANGE OR STILL CHOPPY?

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In the markets, at times it can be a Challenge to discern early on whether or not some of the Changes that we see taking place are real changes with follow through or just continued choppiness.  Lately the choppiness has been full of whip saw moves, and for that reason,  I have admonished keeping any positions small and always honoring stops. Eventually, we will get more of a directional move, but when will we get some follow through?  Let's go to the charts and discuss this further...

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Thursday May 30 – No Real Bounce Yet?

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We are due for a bounce, but the markets have not been able to muster one up yet.  Yesterday we did see some reversals heading into the close, so maybe a bounce is next?  Let's take a look and see what the charts say...

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Wednesday May 29th – Nowhere fast

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The choppiness remained for the start of this week, so things continued to go nowhere fast.

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