Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
While pending bearish price action in the stock market, i am still not bearish yet!
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
This move happened on lower volume, as yesterday’s volume was down 3.41% from the day before — and down 16.13% from the same day the week before.
The price move occurred on volume that was down 28.34% from the day prior, but up 37.34% from the same day the week before.
As for how volume fared, yesterday’s volume was up 38.65% from the previous day (sunday), and up 67.08% from monday of the week before.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Every sunday i post my top 5 for the week along with other plays.
This will be the third week that majority (at least 3) of my tide indicators had reversed from long to short on the stock market.
This virus will be with us forever like seasonal flu.