Daily stoch rolling over back under the 50 day ma beautiful engulfing candle with nice vol. Lower highs lower lows.
Weekly rolled over says stay short
U noticed when we rallied off the low and I said wont last we will give it all back near the 50 day
U can tell that was going to happen by look at vol as we went into 50 day weak more selling
next thing was that weekly stoch as the daily headed up weekly stayed down not enough energy turn it up.
Some folks said bottom in go long john new highs and look giving it all back. That weekly stoch told me not get out totally spy shrt.
Weekly rolled over says stay short
U noticed when we rallied off the low and I said wont last we will give it all back near the 50 day
U can tell that was going to happen by look at vol as we went into 50 day weak more selling
next thing was that weekly stoch as the daily headed up weekly stayed down not enough energy turn it up.
Some folks said bottom in go long john new highs and look giving it all back. That weekly stoch told me not get out totally spy shrt.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.