Market Trends
Written by
Knox Ridley
Technical Portfolio Manager
Published: January 20, 2023
Last Updated: January 20, 2023
In late November, we warned our readers that December could be a volatile month. The recent bounce in January also provided some warning signs, which we used to get defensive.
Now that the market has pulled back, some expect a quick bottom to resume the uptrend. However, based on what various markets are telling us, we think that this pullback has the potential to continue into February.
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As we stated before, as long as the Dow holds its October 13th low, we view any additional weakness to be a tremendous buying opportunity as we setup for a push towards 4400 SPX later in the year.
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About the author
Knox Ridley is the Technical Portfolio Manager at I/O Fund, where he leads technical analysis and risk management. He started his career in 2007 as a licensed ETF consultant and has worked with hundreds of financial advisors and large institutions. Knox is trained in Fibonacci trading, Elliott Wave Theory, and Gann Cycles.
Email: knox@io-fund.com
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