This overnight pump is too much too fast. It bounced twice off the most watched trendline in the market, and looks like it might have free reign until the upper red trendline.
Either that or Americans hose the Asian and Euro markets and sell off until the lower trendline.... I think its best to wait until that upper descending trendline is met.
Either that or Americans hose the Asian and Euro markets and sell off until the lower trendline.... I think its best to wait until that upper descending trendline is met.
Comment:
A morning selloff was wishful thinking. Overbought on MFI and RSI but so many names have hit support. It's best to wait until the upper trendline is hit and reassess