After two contiguous days of strong green NYAD, the market usually relaxes, but occasionally the NYAD goes for three-consecutive days strong-green before relaxing
60min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
ACP chart. SPY 5. Heading downhill. Are the brakes working? LandryBowTie crossover. MACD down. Slow Sto down. Get ready to jump? Quiet day. Gonna take a break ...
Need break above the EMA20 to be sure the range low was in. Too bad today the H<#> buy failed.
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Vaccine market hype soon it will have no effect in the marker, Stimulus talk not gonna happen any time soon, Washington chaos will drag on until electors vote, Congress will vote for Biden for President, House will vote for Trump as VP. (this will be so comical next 4 years) told you politics stink to the high heaven.
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How can I tell if this is real buying up or just a stops hunt. see RSI, (weak sauce) a good buying up should be >70 this one is telling me it is just a stops hunt.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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