Somebody big moved on 37.00 after 3:00. Can you tell if that was buying or selling? I would guess short covering, with no real buyers to help carry things back up.
139.142.147.22
...two identical black crows across the board, on increased volume from yesterday (way bearish for the short term):
S&P: stockcharts.com[w,a]daclyyay[db][pd20,2!b100!f][vc60][iUk12!Up14,3,3]&pref=G
DOW: no regard for the 200sma
stockcharts.com[w,a]daclyyay[db][pd20,2!b200!f][vc60][iUk12!Up14,3,3]&pref=G
QQQQ: 200sma is gone
stockcharts.com[w,a]daclyyay[db][pd20,2!b200!f][vc60][iUk12!Up14,3,3]&pref=G
NAZ: another big red candle to reach 200sma
stockcharts.com[w,a]daclyyay[db][pd20,2!b200!f][vc60][iUk12!Up14,3,3]&pref=G
The setup is for another large red candle on Monday to complete the three black crows formation. If that pans out, I'll flip to a very short term (3-5 days), but aggressive, long position.
J.K. |
