Last Friday we discussed that SPX500 mad a shooting star on Weekly.
A gap was expected and then after the open I posted there will be a bounce as D1 was sitting on EMAs 14 and 21.
I think soon the bullish move will be over and we will be back to the continuation move to complete the bearish move. To see why just switch to weekly and you will see that.
Komen:
I closed Long SPX500 and now in short
Penafian
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A gap was expected and then after the open I posted there will be a bounce as D1 was sitting on EMAs 14 and 21.
I think soon the bullish move will be over and we will be back to the continuation move to complete the bearish move. To see why just switch to weekly and you will see that.