Which means any new position must be taken short But given the recent intraday spike we see a potential crossing of the 50 whit the 200 which would mean we enter a long swing buying phase.
Looking closer towards the 5 and 10 We took a long speculative position the current uptrend is long.
indicated a crossing on monday: this is when we enter a speculative long position with tight stop on monday. @ 9740 +/- to counter the sidewaymovement.
Is indicating overbought signs, Isn't.
This means we enterd a hard .
Potential upswing possible up until 10460.
Profit entered the 5% Range
Advise for short term swing longs: HOLD