I'm urging people to watch the intra-day signal tomorrow, which could lead to some nice selling if it hits the OS condition. I am looking at this recent move up as corrective, with an addition of an ST that is trending down. Now, we cannot really say this would happen because the intra-day has not confirmed this, and that is why I am urging you to watch the signal for tomorrow. Remember this downside acceleration will only happen when signals are in OS.
SEN: Bearish
ST: DOWN
PA: DOWN
If we push lower, I would then be looking for a 1960 support. If this breaks, then bulls should pray it's not a flash crash...
No comments:
Post a Comment