How I see the market Short Term.
1) It's been trading very tight and choppy.
2) If it surprises and breaks over the 50 sma on a strong move that would be Bullish.
3) If it fails next week and breaks below 3900 support.
I would expect another 1% drop from there.
Conversation
Show replies
Replying to
Be fine all week until Black Friday. Always something. Missles. Pandemic. Trump shit. A lot of hate out there coiled up. Hedged!
Well Yes in terms of system, yes in terms of TA (holding the Daily uptrend) + it has tested the 50 SMA, then broke above it. Best thing to do in such market is to make quick money and remain cash (imo) until the next signal. Market to me is too crazy to trust any trend and hold.
1
1
Show replies
