Contrarian Perspective – March 13, 2020

4:56am Eastern Time

Contragauge signaled capitulation with Thursday’s session. The reading of 88 degrees indicates the market washout we have been waiting for is now in place. A sharp snap-back is therefore considered imminent, hours away.

Reading’s for the week so far: Monday (113.3), Tuesday (137.7), Wednesday (116.3) and then yesterday’s 88 degrees. Today’s reading will be discussed in the next contrarian report ahead of Monday’s market open – to be published on Sunday. Stay safe.