We are in the point of great uncerainty. This point in fact repeats every month since the beginning of February 2018 since all the market idleness has vanished. If the month closes around this level where it is now it will mean another big-ass red candle right in our face after already the October one. The analysts see the recession coming soon. The bad news comeing from China, oil markets, Fed makes us wonder is it already the end of this credit expansion? The recessions have one thing in common: you can only see them after they already had done the damage. That is sad. But let's be optimistic.
Analysis of the supports and resistance will appear in another Idea. In this Idea I want to focus on one thing I have not posted before but wanted to. MACD has signalled the strong sell order in november, with December (so far) confirming the slope.
Moreover -22 on MACD oscillator has never been achieved with just 3 month bars (if we ignore the small one from October, it is just 2 bars, periods!). A strong trend here is visible. There are still a few trading days left. We will see if how it will affect the yearly performance.
Analysis of the supports and resistance will appear in another Idea. In this Idea I want to focus on one thing I have not posted before but wanted to. MACD has signalled the strong sell order in november, with December (so far) confirming the slope.
Moreover -22 on MACD oscillator has never been achieved with just 3 month bars (if we ignore the small one from October, it is just 2 bars, periods!). A strong trend here is visible. There are still a few trading days left. We will see if how it will affect the yearly performance.