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by Americanbulls.com LLC
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Last Update
15/10/2018
MARKET STATUS REPORT, 15/10/2018
The market is BEARISH for the moment. The bears are dominating the market. On the other hand, we cannot say that the bears are very happy, but they do not want to change their positions yet. Currently, the bears are stronger and more money is flowing out of the market. You have to also know that the money waiting at the sidelines is not comfortable anymore. Sideliners are worried that they may be missing the bulls’ train.
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EDC.MX (BMV)
 
 
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2110>BULLISH KICKING</a>...EDC.MX DIREXION DAILY EMG MRKTS BULL 3X ETF Close : 1272.4800 chart showing Series 1 series, Series 2 series, Series 3 series, Series 4 series, Series 5 series, Series 6 series, Series 7 series, Series 8 series, Series 9 series.
The chart above shows how EDC.MX declined after the SELL signal which was issued on 26/09/2018. Since then, the stock price edged down by a hefty 21.48%. The bearish sentiment may be over now. Our system detected a BULLISH KICKING pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because BUY orders must be placed immediately in case of a confirmation. The BULLISH KICKING pattern, if confirmed, indicates an upside potential of 5.33%. The massive pullback may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!
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