DJIA Short Opportunity (Neutral to Short)
Although stocks could have one more push higher it looks to be completing the range breakout from the "double bottom" and coming into resistance.
If the 20 and 50 EMA cross over again, we're looking at fading momentum to the upside.
17,600+ is a good place for a fade. If it works, great. But if we get a EMA crossover in the coming weeks the momentum to the downside could be picking up.
Neutral with a short bias.
If the 20 and 50 EMA cross over again, we're looking at fading momentum to the upside.
17,600+ is a good place for a fade. If it works, great. But if we get a EMA crossover in the coming weeks the momentum to the downside could be picking up.
Neutral with a short bias.