While only 36% of stocks are over the 20-day MA, they are nowhere near oversold conditions. As such, there is still room for the downside.
While this indicator is only suitable for short-term trading, tomorrow new making event could push markets way lower.
While I would not suggest trading news events. I know some do, as such bottom picking is not advisable.
CAUTION!
While this indicator is only suitable for short-term trading, tomorrow new making event could push markets way lower.
While I would not suggest trading news events. I know some do, as such bottom picking is not advisable.
CAUTION!
Trade active
This is exactly what I was warned about when I posted this chart.There was more than enough room to head lower. As it did.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.