Is there new trouble in Chinatown?
Sharp ATR switches usually mean something for true trend followers.
The chart shows an important 2H trend switch. As always, with trend following it's not possible to say whether the trend is going to end soon or whether it'll continue for longer. This could even be a minor correction in a daily trend, but how would you know if it's not the start of a new trend south. You can't know.
Something spooked markets around the world - especially the so-called Asian markets.
See 4H picture below
The DJI did a bull run and disconnected from the USTech100. We'll probably find out later what all that as about.
It could well have been words of hope uttered by Yellen, who knows.
Disclaimers: This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
The chart shows an important 2H trend switch. As always, with trend following it's not possible to say whether the trend is going to end soon or whether it'll continue for longer. This could even be a minor correction in a daily trend, but how would you know if it's not the start of a new trend south. You can't know.
Something spooked markets around the world - especially the so-called Asian markets.
See 4H picture below
The DJI did a bull run and disconnected from the USTech100. We'll probably find out later what all that as about.
It could well have been words of hope uttered by Yellen, who knows.
Disclaimers: This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
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