The Traderszone Network

Published in TZ Latest News 16 January, 2016 by The TZ Newswire Staff

Is This A Buyable Low – or When Will It Bounce?

This article contains some of the charts from this weeks Thursday webinar. You can watch the Archive here. The Commodities Countdown 20160114.

First of all, the NYSE Summation Index ($NYSI) is currently at a level where we would expect a bounce, other than the Lehman moment. Notice the NYSE Composite, $NYA, is well below the 2007 highs already.  A lot of the charts are extended enough to expect a short term bounce.

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