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S&P 500
5,595.76
(
0.75%
)
US TECH 100
18,940.40
(
1.04%
)
Dow Jones
41,096.77
(
0.58%
)
Brent Oil
72.05
(
0.10%
)
Bitcoin
57,913.79
(
-0.38%
)
Post# of 37921
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ahimsak

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ahimsak

Re: None

Wednesday, 05/29/2019 2:15:47 PM

Wednesday, May 29, 2019 2:15:47 PM

Post# of 37921
Close below 100dma at 2793 is very bearish. It is acting strangely this year, as is going up quickly now, and was going down fast at beginning of year when the market rallied.


200dma is slowly falling, current level 2776. If close below that, also super bearish.


bottom line: a quick bounce is possible, but only play if by covering some of my shorts, not by going long. Will now wait for 2650 to consider long positions.
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