Looking at the moving average we can see that it is trending hard to the down side. A few days of recovery and considerable buying power has yet to stop the MA trend. We may see an attempt to bring the market back up for a rally, however, all things considered the market had a great run in 2017 and we may have hit an all time high and look to start a correction to the downside.
We will see what the next few weeks has in terms of media FUD and FOMO.
I do believe we might see another 6-10% to the downside.
Thoughts or feedback?
Please understand this is not financial advice. Trade at your own risk.
We will see what the next few weeks has in terms of media FUD and FOMO.
I do believe we might see another 6-10% to the downside.
Thoughts or feedback?
Please understand this is not financial advice. Trade at your own risk.