The short term hourly indicators have cycled down to a low. The more intermediate indicator with the price (green line) is showing a divergence ... it is still overbought.
Daily price is still the same ... overbought. It is going to be up to the next chart on what price is going to do in the near term.
The US Dollar looks to have found some support here ... you could short equities if you feel like trying to trade at this point. If you do ... I would keep a very tight stop ... I would not try to fight the Fed or the Treasury to much.
The short term hourly indicators have cycled down to a low. The more intermediate indicator with the price (green line) is showing a divergence ... it is still overbought.
Daily price is still the same ... overbought. It is going to be up to the next chart on what price is going to do in the near term.
The US Dollar looks to have found some support here ... you could short equities if you feel like trying to trade at this point. If you do ... I would keep a very tight stop ... I would not try to fight the Fed or the Treasury to much.
Posts
No comments:
Post a Comment