Weekend Market Review, 10.5.19: The Zig-Zag Continues

At the beginning of the week, the markets were at risk for a sharp sell-off and pullback they did. Mid-week, however, they bounced off of support levels near their 200dma’s and rallied to close out the week at the highs. The markets closed the week in “neutral” position in search of a direction. My hunch is that the despite the volatility, the markets will break out to the upside, sooner or later.

Cheers,

Dave

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