MM Afternoon Notes - Market Analysis for Feb 25th, 2020

Looking back through 2016, the Moving Average Momentum (MAM) indicator has never been overbought or oversold to the degree it currently is.  Tomorrow's mood pattern implies a bullish new paradigm, or the beginning of a new EW upwave of a day or more.  That means a bounce is expected to begin at some point between market close today and close tomorrow.  Watch for indications of bottoming, but beware of catching a falling knife when the market is in "crash mode." 

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."