With a 1 day RSI of 31 and a reverse head and shoulder forming, this market technically wants to go higher.
The question is what will "you know who" say tomorrow?
I'm calling a dead cat bounce, that gives us an opportunity to buy some April puts.
The question is what will "you know who" say tomorrow?
I'm calling a dead cat bounce, that gives us an opportunity to buy some April puts.
Note
New news that "you know who" still wants to take Canada, Greenland and the Panama Canal overrode the charts.It's like a poker hand, a flush always beats a straight.
And news, always beats any technical indicator.
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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.