I'm not an expert on the topic of trading or investing. BUT if you ask me, in my humble opinion, I think the market could bleed a lit bit more specially after closing bellow the 200 MA (W)/ 50 EMA (M). At the end of the day the market does what it wants. Would like to see the market at the $338.46.~ level or lower. And just chop around the gray area. The more we CONSOLIDATE the stronger the move in the direction it decide to go.
If it re-test that blue line and fail to break, it could go lower, or go up and fail to break the red line $370.~ area. If we do this, we might be CONSOLIDATING at this moment.
Any idea of the market sentiment?
"This is only my personal opinion. I am not a trading/finance adviser.”
If it re-test that blue line and fail to break, it could go lower, or go up and fail to break the red line $370.~ area. If we do this, we might be CONSOLIDATING at this moment.
Any idea of the market sentiment?
"This is only my personal opinion. I am not a trading/finance adviser.”
