With many indications showing good cases for bears and bulls it is best to just stay with what the ST is telling us. A push lower tomorrow will surely extend a lower low scenario, and possibly to the 200 day MA.
MT: DOWN
ST: DOWN
PA: DOWN
Wednesday 7 January 2015
7 Jan 2015
The MACD has crossed below the zero line with a histogram that have extended lower. This is bearish but with the MACD still close to the zero line any uptick can cause it to pop back above to positive. It would be ideal for the MACD to extend lower and away from the zero line. Todays move seems to be slow and no urgency compared to the 2 previous rallies in the market in Mid October, and Mid December, but the intra-day signals are indicating an acceleration move to the upside as the trading day closed.
With many indications showing good cases for bears and bulls it is best to just stay with what the ST is telling us. A push lower tomorrow will surely extend a lower low scenario, and possibly to the 200 day MA.
MT: DOWN
ST: DOWN
PA: DOWN
With many indications showing good cases for bears and bulls it is best to just stay with what the ST is telling us. A push lower tomorrow will surely extend a lower low scenario, and possibly to the 200 day MA.
MT: DOWN
ST: DOWN
PA: DOWN
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