Got rid of the oversold condition overnight, looks to be headed back to oversold. More room to go down....
Watch it bounce back up when Powell manages to pump the market despite the taper and eventual rate increase. He always does.
Keep in mind daily MFI is oversold so we're bound to see a pop. But I'm bearish for tomorrow since every market is going to react negatively tonight.
Watch it bounce back up when Powell manages to pump the market despite the taper and eventual rate increase. He always does.
Keep in mind daily MFI is oversold so we're bound to see a pop. But I'm bearish for tomorrow since every market is going to react negatively tonight.
Comment:
AAPL went red.... trouble ahead.
Comment:
Bounced off my orange support line. We'll see where it goes from here, indicators are neutral though trending down. Unfortunately trends don't always continue.
Waiting to see if it breaks support or not. Probably won;t happen until tomorrow.
Waiting to see if it breaks support or not. Probably won;t happen until tomorrow.
Comment:
I'm not inclined to go long unless RSI or MFI goes oversold again....