Pre market strength in all of the major indices. It doesn't have to continue, but if it does then look to buy flagging areas.
There was a little bit of a sharp drop across the board around 9:15. When I see the unison nosebleed I tend to think that markets will eventually lose buyer support. I have seen buyers ignore the nosebleed in the past, as long as it's only a drip, but that type of price action can function to insert fear in an effective manner. Something to be on the lookout for.
Taking a look at some of the markets that compose the Nasdaq: Faang's have been showing a lot of daily red candles lately with the exception of google. That is something you are supposed to use to help predict price action, however, I concern myself mostly with price action. Supposedly that's where it all shows up in the end anyway. And I don't have dozens of screens so it's more effective for me to narrow my focus than to try to monitor all the different relations.
There was a little bit of a sharp drop across the board around 9:15. When I see the unison nosebleed I tend to think that markets will eventually lose buyer support. I have seen buyers ignore the nosebleed in the past, as long as it's only a drip, but that type of price action can function to insert fear in an effective manner. Something to be on the lookout for.
Taking a look at some of the markets that compose the Nasdaq: Faang's have been showing a lot of daily red candles lately with the exception of google. That is something you are supposed to use to help predict price action, however, I concern myself mostly with price action. Supposedly that's where it all shows up in the end anyway. And I don't have dozens of screens so it's more effective for me to narrow my focus than to try to monitor all the different relations.
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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.