AI
Tuesday, December 11, 2018 7:30:06 PM
Market in general looking at the charts,
Monthly chart. 20 EMA around 245
Daily chart favors 2481 (248 SPY)
LABU This has a nice set up and I would typically trade this, but the one thing holding me back is that on the break out yesterday, the momentum could not get back above the high it put in during the divergence. And with the way the SPY chart looks, I agree, not wise to go long except for a intraday bounce an take profits quick.
Monthly chart. 20 EMA around 245
Daily chart favors 2481 (248 SPY)
LABU This has a nice set up and I would typically trade this, but the one thing holding me back is that on the break out yesterday, the momentum could not get back above the high it put in during the divergence. And with the way the SPY chart looks, I agree, not wise to go long except for a intraday bounce an take profits quick.
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