Nasdaq and Dow look even more bearish. Price is further down bellow 5 days SMA and we have already a bearish EMAs crossing!!!
Let's see how the trading day ends. I'll come with details after the close.
Friday, November 12, 2010
Time to switch sides?
The trading day is not over but market shows clear signs of weakness and if it holds like this I may sell my shares by the end of the day and probably wait for tomorrow to go short. SPX went bellow 5 days SMA for the first time since the beginning of September.
Nasdaq and Dow look even more bearish. Price is further down bellow 5 days SMA and we have already a bearish EMAs crossing!!!
Let's see how the trading day ends. I'll come with details after the close.
Nasdaq and Dow look even more bearish. Price is further down bellow 5 days SMA and we have already a bearish EMAs crossing!!!
Let's see how the trading day ends. I'll come with details after the close.
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