Futures Trading: Today's bounce changes nothing

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Added 2 years ago by admin

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Downtrends are far more volatile than uptrends. We saw that today as the early extreme weakness quickly triggered a rally. But does that rally change the downtrend in any meaningful way? Not likely. The macroeconomic trends as well as the price trends indicate the path of least resistance is to the downside.

Raghee Horner, Futures
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