Now things get confusing. Plenty of people are screaming for lower prices, and some isolated indicators like Weekly RSI are at cycle bottom levels. So you should be buying, right? The whole picture says no. Psychology can be helpful, but also misleading. Price can still go up or down when "most" people expect it to. It does all the time. The Aroon Oscillator is ahead of the projection I laid out for returning to cycle bottom levels, but still has plenty of ground to cover before getting there.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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