Finally here ... around 3000 was identified as the sell zone in prior analysis. Will look to dump all risk assets starting today.
Reasons why:
That is the daily SMA 100, 200 and EMA 200 on the chart. All overhead resistance.
Also, Trump is starting to reopen the country ... I wonder if the Fed is going to hint at letting off the gas today during the FOMC statement and press conference ....
Was this a calculated pump to bail out corporation stock buy backs??? Are all the past corportate stock buy backs are close to break even yet for them to start unloading???? ....
My bet would be this rolls over soon and begins the drop back down.
If it breaks out and settles above the MAs, its time to consider a bullish view.
Reasons why:
That is the daily SMA 100, 200 and EMA 200 on the chart. All overhead resistance.
Also, Trump is starting to reopen the country ... I wonder if the Fed is going to hint at letting off the gas today during the FOMC statement and press conference ....
Was this a calculated pump to bail out corporation stock buy backs??? Are all the past corportate stock buy backs are close to break even yet for them to start unloading???? ....
My bet would be this rolls over soon and begins the drop back down.
If it breaks out and settles above the MAs, its time to consider a bullish view.