A small range today. NQ was the strongest among the indices. Buying in FANG stocks, especially AAPL kept the prices drifting higher to the top of the balance, which was identified as a short term target in the previous day post. The strength in AAPL helped to offset the weakness in Dow. Again, the buyers make baby steps approaching the larger timeframe resistance.
Now, what the bears want to see: a strong push into the resistance and buyers failure. That would be ideal and open the door for closing the gap left in the middle of the balance area. Otherwise, shorting a dull market is a losing proposition. It could drift up and bore everyone to death.
The bulls remains in firm control, however, my bias is neutral for the reason that the price is at resistance. Until it is broken the sellers are there.
As mentioned in the previous post, the market may stay in this balance for awhile. The price has traveled from the bottom of the balance to the top too fast and exhausted. A pullback and further balancing would be good for the bulls and it would address any divergences.
04/02/2019
Now, what the bears want to see: a strong push into the resistance and buyers failure. That would be ideal and open the door for closing the gap left in the middle of the balance area. Otherwise, shorting a dull market is a losing proposition. It could drift up and bore everyone to death.
The bulls remains in firm control, however, my bias is neutral for the reason that the price is at resistance. Until it is broken the sellers are there.
As mentioned in the previous post, the market may stay in this balance for awhile. The price has traveled from the bottom of the balance to the top too fast and exhausted. A pullback and further balancing would be good for the bulls and it would address any divergences.
04/02/2019
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน