Why I am not buying US indices nor stocks now !
See chart for detailed explanation.
Watch the gap level on 4.11.2020. This gap , imo will be closed soon......
Watch the gap level on 4.11.2020. This gap , imo will be closed soon......
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Last night it drops more than 800 points, which from the chart we can see the price action reaches the bearish trend line and it retraces back.......
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wow, next week performance will determine if it breaks the bearish trend line and heads further northwards or reverse back downwards.....
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ah, a false breakout, ending the day with a bearish candle. Let's see the corporate earnings results will push it higher tonight !
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those who are keen on this index can choose to go LONG
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