There are divergences on the daily macd on the indexes and they
are oversold, with a macd kiss and the RSI 14 is above 50.
The DIA, SPY, QQQ all have a C&H look and are still above
the major MAs. Seems like an inflection point here.
I have been anticipating this kind of price action/tech set up
fpr weeks - given the elections coming up and more than that since
1950 the third week of October is always bearish. And apparently
one of the most bearish weeks in some cases. Hopefully the next
week will get better
Def a terrible week for options. Even my leaps are eroding
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There are divergences on the
Divergence- Seeing some major divergence in SOX QQQ daily charts. ...
Posted by EdZ on 21st of Oct 2020 at 08:32 pm
There are divergences on the daily macd on the indexes and they are oversold, with a macd kiss and the RSI 14 is above 50. The DIA, SPY, QQQ all have a C&H look and are still above the major MAs. Seems like an inflection point here.
I have been anticipating this
Posted by arun on 22nd of Oct 2020 at 06:15 am
I have been anticipating this kind of price action/tech set up fpr weeks - given the elections coming up and more than that since 1950 the third week of October is always bearish. And apparently one of the most bearish weeks in some cases. Hopefully the next week will get better
Def a terrible week for options. Even my leaps are eroding