"It is what it is department" Understand buy dips and sell rips. Buy dips are when pro buying the weakness, Sell rips is when pro selling the strength. Are you a PRO? that's the question.
How dip are we longer term? lets look at $BPSPX. bullishness is in the tank. but look at the history when sh*t hits the fan, it turns out a good buying opportunity or the new breakdown like 2008. are we that over price and that bubble? remain to be seen. from this chart, this is weekly chart, earlier this week RSI were dip under 30 only to return and closed back up above 30 by Friday, I'd like to see this burry under 30 for a week or so before a hard buying for longer term, this is a buy but light one with manageble stops, last time this buying signal hit was when the China virus hit, and this time is also China tariffs hit. Be greedy
Friday, $CPC showing another level of complacent, dip buying for the third time, will this be the charm?
Only Price Pays!
Swing setup: buy inside the box, make or break remain to be seen. well above 5DMA.
Intraday: inside day, bullish Harami >61.8%, here too leaning bullish than bearish. that's it for a stock market, time frame of a trade is key play....Trade well, your chart is your only friend. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.