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08/12/2023 Weekend Update
08/12/2023 Weekend Update
Down 2 weeks in a row, the next week has 63% chances to close up.
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Re: 08/12/2023 Weekend Update
SPY daily.
Slip sliding down the slope.
Beneath the EMA 20, which has turned down.
EMAs 50 and 100 still up.
Lower highs. Lower lows.
MACD and Sto are down.
Eyes on the EMA 50, where it will look for support.
Day trades only for this trader.
In my opinion.
Slip sliding down the slope.
Beneath the EMA 20, which has turned down.
EMAs 50 and 100 still up.
Lower highs. Lower lows.
MACD and Sto are down.
Eyes on the EMA 50, where it will look for support.
Day trades only for this trader.
In my opinion.
Charts posted are not recommendations. They are just a sharing of information.
Re: 08/12/2023 Weekend Update
Over the weekend, please take a moment to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377
This is not investment or trade advice.
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BullBear52x
- Posts: 29710
- Joined: Tue Feb 22, 2011 3:47 pm
Re: 08/12/2023 Weekend Update
From "It is what it is Department" Internals and momentum continues on the bearish path no solid reversal to call to.
Swing setup: rips will be sold, looking like a bear flag, the breakdown will take us down a lot deeper.
Intraday: Friday closed with a negative price action, weak Monday to be expected. Things can change on a dime on this time frame but it is bearish for now. keep it simple. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.
Re: 08/12/2023 Weekend Update
$AAII bull - $AAII bear down a notch so further away from the extreme, good for bulls I think.
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