TraderR0BERT

$JOY Potential Continuation Long

NYSE:JOY   JOY GLOBAL INC
snapshot

Check out Networthie.com to share your thoughts on effective trading strategies and systems. Would love to hear your ideas.

- Market Internals today 07/18 are calling for a continuation of bullish action tomorrow morning.
- That being said, market internals can quickly change, i.e. the S&P 500             starts to trade below its 100 SMA and the Breadth Ratio reverses to show bearish sentiment.
- If tomorrow we see a continuation of the bullish market internals, then look for a potential retracement of $JOY to the Kijun-Sen or the 20-period SMA for a good risk/reward potential back to the prior highs.
Market Internals this morning are pointing for bearish sentiment this morning, are forewarned in my post, look for this to break the kumo cloud to the downside and watch to make sure Chikou Span is below price action.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out