was in overbought territory, pointing upwards but with nowhere to go - out of momentum?
- Both pointing upwards, kind of. Fast showing overbought, the cross had taken place 3 days prior and the move from that signal actually took place on the buy date.
The 9 crosses below the 50 overnight on 12-16 into 12-17 but the big move down had taken place already on 12-16 and 12-17 was worse although it did rally back to the 50 by it's exit date 12-19.
In between 12-12 and 12-15 (weekend) the fast crossed below the slow, giving a sell signal.