As of yesterday EOD: INDU, the dow, is below 200sma
IWM is below 200sma
TRAN is below 200sma
Inverted VIX is below 200sma
Banks, KBE below 200sma QQQ and SPY are still above 200sma (SPY broke below today)
Last edited by Al_Dente on Thu Feb 27, 2020 1:43 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Maybe the pullback would be bought again? FEELs good about bulls, am I too bull brainwashed?
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Huge volume, so maybe a rebound here first then we'll see. We may have the range high of today. My previous call about pullback would be bought was fulfilled but it's just a lower high (red arrow) which made a lower high trend reversal.
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MM down? I'm not sure the direction. All I'm saying here are from past experiences (aka feelings), no evidence.
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Chart for the road: Well, turn out to be range day, greed kills for those who doesn't take the 5 DMA/Resistance seriously. for now bulls need to regain above 61.8% by the closed. or doom! to morrow will be another good buy day if we hang around here.Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.