Death Cross on the Dow Jones IA MACD (Uh Oh!)
The index failed to surpass an important overhead resistance level at 26,250, and a few days later has seen a bearish intersection of it's 12 and 26 day EMA's for the first time since its epic December crash.
Two bad things to happen in rapid succession. For the sake of the market I hope for the best, but I already liquidated my long position and am prepared to buy some puts if I see any additional confirmation of a selloff.
Peace!
Two bad things to happen in rapid succession. For the sake of the market I hope for the best, but I already liquidated my long position and am prepared to buy some puts if I see any additional confirmation of a selloff.
Peace!
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