many uptrendline were broken today and i can totally see your scenario coming to fruition. need to always stay vigilant as anything can happen. But it sure feels like the bears have a good grasp on it this time.
How should the MACD be in case of pullback stocks - pulling to major MA's and forming reversal candles. Any indicator that can be used to add to the confirmation?
i use MACD ans RSI mostly to gauge reversals in the indexes. i use 30 and 60 min charts and plot them against the indxes and look for AMCD and RSI divergances.
I could see the market turning negative without a reversal upward at the end of this week.
ReplyDeletehi S.T.
ReplyDeletemany uptrendline were broken today and i can totally see your scenario coming to fruition. need to always stay vigilant as anything can happen. But it sure feels like the bears have a good grasp on it this time.
Offtopic
ReplyDeleteHey Stewie,
How should the MACD be in case of pullback stocks - pulling to major MA's and forming reversal candles. Any indicator that can be used to add to the confirmation?
Thanks
i use MACD ans RSI mostly to gauge reversals in the indexes. i use 30 and 60 min charts and plot them against the indxes and look for AMCD and RSI divergances.
ReplyDelete