FYI: After the heavy selling the week prior there was sure to be an oversold bounce and indeed last Tuesday brought much of that. It is always interesting to see what happens after that bounce – often in this bull market, once the indexes turn back up they move like a freight train. This time – thus far at least – the action has been less aggressive. Selling on Thursday took the S&P 500 right back down to the 200 day moving average and rally attempts Friday were fruitless. In whole the S&P 500 barely budged for the week.
Regards,
Ted
https://www.stocktrader.com/2018/10/22/weekly-market-recap-oct-21-2018/
