price action appears to be affirming the bear case so far in the new weeks first session. momentum, magnitude and direction are all consistent with a roll over. as long as the price regains its footing soon, id imagine there could be a place for dip buys, but if it crosses below vwma 20 and cant regain the current autoanchored vwap on the 15 min-1 hr this is bad for bulls. with a big gap down monday id imagine were in for a bit more of a sell off. as long as we hold the lows however were still bouncing off of critical support on the daily.
4659 if were bouncing, 4621 if we sink
this is a bull market, but its clearly very tired
4659 if were bouncing, 4621 if we sink
this is a bull market, but its clearly very tired
Comment:
just realized i put monday instead of tuesday; sorry!
