Looks to me like we will see a multi-week rally in the DOW shortly...
This flies in the face of what most analysts are predicting...lol...so be it.
As per previous periods, CVI is likely to take a lead from the DOW here, albeit a sentiment driven one.
None the less, CVI could fall lower before it goes higher again...or it may not...but current numbers are certainly proving to be important.
You all know what my numbers are from my chart...to date the trading has respected it pretty much as expected, but given I do expect the wider markets to stage a rally shortly, perhaps on the back of what is no doubt a significant amount of window dressing of accounts (in both directions), my current view is of a positive bias.
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
