Signal: Buy as the price is at the bottom of the Channel Up, below the 1D MA100 (green trend-line, which has accurately given a long-term buy signal 3 times since November 2020) and the 1D CCI is on Higher Lows at its bottom.
Target: Short-term 15100 (the 1D MA50), medium-term 15700 (Resistance and All Time High) and long-term 16350 (the 1.5 Fibonacci extension).
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Definitely not buying this market. Considering market sentiment. Can also see a 'lower low' for the first time in almost a year. Looks like a reversal. I'm staying out
nomarfkse
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@Zan101 same thing I said. The technical can say something but the reality is another one .
linknero
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Interesting, but did you consider the thing the FED did? all that thing about not injecting more money to economy, in november was different, this is new, so... maybe today it is a bit risky :/