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S&P 500
5,214.08
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US TECH 100
17,696.80
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39,387.76
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Post# of 8183
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John-Knee

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John-Knee

Re: Turbomunkey post# 6748

Tuesday, 09/21/2021 9:36:44 AM

Tuesday, September 21, 2021 9:36:44 AM

Post# of 8183
There are still more downward pressures before price stabilizes. On the 4 hour chart, the MACD entered into negative territory yesterday and the Signal line is following, when this cross (and it will), expect the price to drop even further. I would wait until the price hits in the range of 51.79 (200 period moving average on the 4 hour chart). Keep in mind, the uptrend is still intact, as price is still above the 200 day moving average.

Overall, the market in general is in pullback/correction mode. Today is just a breather if it happens to be green.

I use both Fundamental and Technical Analysis.
Opinions posted by me are just that, my opinion.
Buy/sell any type of financial security is the sole
decision of the individual. Make your own sound
judgement or consult a professional licensed
advisor.

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