doesn't look good for monday or tuesday.
it would not be smart to go long. not yet.
we are at 2017 levels on spy . there is no way anyone can tell me we are in a bull market.
times like this require courage to stick to your judgement and not let the market play you.
many people thought after a 3% down day that we will have a relief rally. which is the reason we probably won't. the market always does the opposite of what the majority think...
Three Outside Down Trader Psychology
The first candle continues the bullish trend , with the close higher than the open indicating strong buying interest while increasing bull confidence. The second candle opens higher but reverses, crossing through the opening tick in a display of bear power. This price action raises a red flag, telling bulls to take profits or tighten stops because a reversal is possible. The security continues to post losses, dropping price below the range of the first candle, completing a bearish outside day candlestick . This increases bear confidence and sets off selling signals confirmed when the security posts a new low on the third candle.
happy trading fellow dreamers.
it would not be smart to go long. not yet.
we are at 2017 levels on spy . there is no way anyone can tell me we are in a bull market.
times like this require courage to stick to your judgement and not let the market play you.
many people thought after a 3% down day that we will have a relief rally. which is the reason we probably won't. the market always does the opposite of what the majority think...
Three Outside Down Trader Psychology
The first candle continues the bullish trend , with the close higher than the open indicating strong buying interest while increasing bull confidence. The second candle opens higher but reverses, crossing through the opening tick in a display of bear power. This price action raises a red flag, telling bulls to take profits or tighten stops because a reversal is possible. The security continues to post losses, dropping price below the range of the first candle, completing a bearish outside day candlestick . This increases bear confidence and sets off selling signals confirmed when the security posts a new low on the third candle.
happy trading fellow dreamers.