I have been watching IWM and XBI for weakness or strength as general market indicators. Today's open was below Friday's open, which is very bearish. Same is true for AAPL. XBI tried to rise and failed.
Overall, many tickers have completed a "cup" formation and are extended from their daily MA's while indicators are extremely overbought. Hence a pullback to form a "handle" makes sense.
Beyond the next few days, I am aware of various expert views of the next market direction. I am staying open to possibilities until I feel more confident in my own studies.
Overall, many tickers have completed a "cup" formation and are extended from their daily MA's while indicators are extremely overbought. Hence a pullback to form a "handle" makes sense.
Beyond the next few days, I am aware of various expert views of the next market direction. I am staying open to possibilities until I feel more confident in my own studies.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.