spx and ndx forming nice bottoms.
stockcharts.com[L,A]DACLYYMY[PB50!B200!D20,2][VC60][IUB14!LA12,26,9!LL14!LH14,3]
stockcharts.com[L,A]DACLYYMY[PB50!B200!D20,2][VC60][IUB14!LA12,26,9!LL14!LH14,3]
stochastics in oversold and MACD above the zero line. Today was a tag of the lower bollinger line. Too much short interest, so we should see a reversal up from here with potential of "triple top" breakouts on the next round.
I went 25% long NDX and 25% long SPX in my 401K.
Took some money off the table on the island top reversal with negative stochastics crossover from overbought then moving below 80, with MACD confirmation on VRTX.
stockcharts.com[L,A]DACLYYMY[PB50!B200!D20,2][VC60][IUB14!LA12,26,9!LL14!LH14,3]
Lots of panic out there! |
