In the past, when the ADX gets above both DI+ and DI- then the price is overdone and needs to change direction...We have al lthe indicators signaling a down move...but we have someone watching 1400 and has the loot to keep it above..?? Must be Buffett...
Sold longs at the close on Friday. Tempting to go long here, but we are overbought in a downtrend on the daily. Currently oversold in an uptrend on the hourly. Weekly pointing long IMO.
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