🖼 Daily Technical Picture 📈
➤ Equity prices finished Friday trade in an unconvincing manner. It looks like a wo(man) struggling to hang on from height (as illustrated). Obviously I'm a bit biased given my short positioning. Price did hold above the recent low at 405 so there is an opportunity for price to continue to recover.
➤ BTW, have you noticed that on every Friday since the start of the year, the market has closed higher than the open? What does it mean? Probably nothing...just thought it was good trivia.
➤ Anyhow, the price is really hugging my predicated price path nicely. To stay that way, we need to see the price drop immediately on resumption of trade Tuesday. There's nothing magical about the path, it is completely coincidental that the price is following it.
➤ Conclusion: Look out below.
➤ Equity prices finished Friday trade in an unconvincing manner. It looks like a wo(man) struggling to hang on from height (as illustrated). Obviously I'm a bit biased given my short positioning. Price did hold above the recent low at 405 so there is an opportunity for price to continue to recover.
➤ BTW, have you noticed that on every Friday since the start of the year, the market has closed higher than the open? What does it mean? Probably nothing...just thought it was good trivia.
➤ Anyhow, the price is really hugging my predicated price path nicely. To stay that way, we need to see the price drop immediately on resumption of trade Tuesday. There's nothing magical about the path, it is completely coincidental that the price is following it.
➤ Conclusion: Look out below.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
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Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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.