Mondays and Tuesdays seem to be bloody.
With that in mind, I have a green box on this chart - that's my buy box, late tomorrow - considering:
3 hits on the Aqua Blue up trend support line? (tomorrow being the 3rd hit?)
The top Red channel marker of our last 2+ months of ills (I believe the Market Markers "MMs" will tease this for psychological effect, perhaps beyond Tuesday for a bit)
.78 Fibonacci based on the past few days action - it meets too nicely with the Aqua line - begging conventional TA. Therefore I expect the MM psych piercing lower.
I will be watching MACD and RSI closely. I will be looking very close for RSI Bullish divergence - especially with action nearing the factors above (namely cross over of critical support lines and Tuesday)
--Cheers to a friend in Washington--
With that in mind, I have a green box on this chart - that's my buy box, late tomorrow - considering:
3 hits on the Aqua Blue up trend support line? (tomorrow being the 3rd hit?)
The top Red channel marker of our last 2+ months of ills (I believe the Market Markers "MMs" will tease this for psychological effect, perhaps beyond Tuesday for a bit)
.78 Fibonacci based on the past few days action - it meets too nicely with the Aqua line - begging conventional TA. Therefore I expect the MM psych piercing lower.
I will be watching MACD and RSI closely. I will be looking very close for RSI Bullish divergence - especially with action nearing the factors above (namely cross over of critical support lines and Tuesday)
--Cheers to a friend in Washington--