The interesting part here is
the 10/20/50 exponential moving averages on the weekly chart have been SO much more bearish THIS time than the prior 2 crashes. You'll notice a better 'bear' trend with them. We crossed below ALL 3 months ago and they haven't re-crossed since (like they did in 08).
If we currently get an inside week or a retest without a STRONG finish in the next 5 days, this could spell disaster for this market.
I am bearish, I do have puts. I am expecting moves lower.
the 10/20/50 exponential moving averages on the weekly chart have been SO much more bearish THIS time than the prior 2 crashes. You'll notice a better 'bear' trend with them. We crossed below ALL 3 months ago and they haven't re-crossed since (like they did in 08).
If we currently get an inside week or a retest without a STRONG finish in the next 5 days, this could spell disaster for this market.
I am bearish, I do have puts. I am expecting moves lower.
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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.