Uncertainty Over the Weekend

Feb 18, 2022 - 4:00 PM EST

Only a couple of clues to share at the moment, which leaves a lot of uncertainty for the weekend...

1) Our Moving Average Momentum (MAM) indicator says to look for a market low and upward trend change sometime between today and end of month.

2) A week-long "calm before the storm" mood pattern completes on Saturday. While there is usually a metaphorical "storm" after this pattern, there doesn't necessarily have to be one. What exactly it means for the tail end of the long weekend, we will have to watch how the news unfolds.

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."

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