Broke the green trendline, broke my indicators, and MFI is single digits now.
No long positions until NQ hits the purple channel line. At this point it's a given.
Based on previous daily pattern, I think a gap down and reversal Monday followed by a pump on Tuesday because Tuesday is always bullish for some reason, then the Fed meeting happens.
I'm not even bullish on my regular bullish stock, PCAR. It will fill that gap though, so I'll look at it after the Fed meeting.
No long positions until NQ hits the purple channel line. At this point it's a given.
Based on previous daily pattern, I think a gap down and reversal Monday followed by a pump on Tuesday because Tuesday is always bullish for some reason, then the Fed meeting happens.
I'm not even bullish on my regular bullish stock, PCAR. It will fill that gap though, so I'll look at it after the Fed meeting.
Comment:
I'm looking at the size of my previous red arrows, and there a definite possibility we could hit the purple trendline as early as Monday.
I'll go long if that happens, there's bound to be a bounce of a trendline.
I'll go long if that happens, there's bound to be a bounce of a trendline.
Comment:
Index volume was normal today but futures volume was really low. It appears they are shutting of the algos, so I'm not sure if the 3 hr charts matter much anymore.
Comment:
It really doesn't matter what the market does Monday, I do not recommend going long until it hits the purple line, and even then it might just be a one or two day bounce.
The market is toast, so is the economy
The market is toast, so is the economy
Ethereum broke support, and Avalanche as the name would imply is tumbling, lol.
Out of all the cryptos, I'm most bullish on Ethereum because it serves a purpose, but not anymore.