Today's Green Candle Looks Bad with Heiken Ashi
Reading charts and ignoring expert commentary - 3800 SPX is critical hold and price has been hovering over it, too close to it, for too long. Put the biases aside - for example that "end of quarter rebalancing will boost stocks - and inspect your charts.
If you can make a case for your stock/index to move up AND down tomorrow, based solely on your indicators, then accept that you cannot be confident of a direction and wait. While the daily green candle is nice, Heikin Ashi gives us caution. I look at this candle type when I am unsure of direction. Yesterday's selloff created a doji and now today price action is red.
If you can make a case for your stock/index to move up AND down tomorrow, based solely on your indicators, then accept that you cannot be confident of a direction and wait. While the daily green candle is nice, Heikin Ashi gives us caution. I look at this candle type when I am unsure of direction. Yesterday's selloff created a doji and now today price action is red.
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