In this case, EOM is short for End Of Month...and it has been a doozy. The monthly charts are going to paint ugly red candles and the momentum into March is certainly downward. Does that mean that all is lost and that we're all doomed? Of course not.
So today brings an end to one of the worst months we've seen in a while. February of 2021 and July of 2021 were similarly shitty but neither of those signaled the end of the world, either. What these types of lousy months do demonstrate, however, is that sentiment is not on our side and that The Banks/Bears are temporarily in control...
