We have been printing massive gains in stocks for weeks now. Last week $NASDAQA price closed below our overbought RSI line on the 1W timeframe.
As you can see on the chart this almost always anticipates a retest of key moving averages. So for now , i will be waiting for that to happen first and watch for bullish divergenes or bullish momentum indicators.
As you can see on the chart this almost always anticipates a retest of key moving averages. So for now , i will be waiting for that to happen first and watch for bullish divergenes or bullish momentum indicators.
Regards,
Trend Rider
Trend Rider