Wednesday, April 03, 2024 11:57:39 PM
The bounce off the 9 EMA on the daily keeps me long.
The bunching of the 9, 21 and 50 daily back in Jan was a strong indicator once the crossover was clear. Golden cross on the daily happened just a couple of weeks later. I’m guessing that pulled in some players.
Saw the same thing on the weeklies towards the end of Jan and now there’s a chance at the cracking the 200 on the Friday print. If it does, I expect even more to follow along and get on board.
Really seems to me like our Washington friends may continue to drag their feet on things until 4/20. It’s only a little over two weeks away now so who knows? Maybe they are just trying to be cute? That’s only two more candles away. Lol
GL
The bunching of the 9, 21 and 50 daily back in Jan was a strong indicator once the crossover was clear. Golden cross on the daily happened just a couple of weeks later. I’m guessing that pulled in some players.
Saw the same thing on the weeklies towards the end of Jan and now there’s a chance at the cracking the 200 on the Friday print. If it does, I expect even more to follow along and get on board.
Really seems to me like our Washington friends may continue to drag their feet on things until 4/20. It’s only a little over two weeks away now so who knows? Maybe they are just trying to be cute? That’s only two more candles away. Lol
GL
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