07/20/2024 Weekend Update
Posted: Fri Jul 19, 2024 4:52 pm
Down 1 week, the next week has 60% chances to close up.
Boom. Boom. Boom.
Three red candles in a row.
Scary? No, but it is uber bearish.
Down beneath the EMA 20.
The EMAs 20, 50 and 100 are in the right order.
EMA 20 is flat.
Sto down hard.
MACD and Histogram down hard.
Volume strong on the Three Bears.
It's a pullback. Good size. Enough to satisfy the decline? Not sure yet.
The last time price moved below the EMA 50 was in April and May. It has its eyes on it.
No worries for this day trader (and sometimes swing trader).
Have a good weekend.