6/23 Recap

The market gapped down everyday this week. It didn’t really shock me as I mentioned in last Saturday’s post a period of weakness was likely here. You can see where we are in the chart below. As of right now, we’re stuck under the 8 and 10 ema on the daily, that’s what the arrow at the top is pointing at. A clear sign of weakness, the Nikkei was down 100…