In war time, go after the weakest link first

١٤ مايو ٢٠٢٠

Of the 4 US major indices, which one is the weakest ? The Russell 2000 which comprises the small medium enterprises ,the traditional businesses.

They are the ones that are fighting for survival, not the top guns like FB, Apple or Microsoft which have rich cash reserves to tide them over.

See explanation in chart

١٥ مايو ٢٠٢٠

ملاحظة

it breaks down fast but it also recover fast....this creates confusion for both buyers and sellers.....i reckon patterns like this will be displayed in many assets classes so be cautious in your trades.

١٥ مايو ٢٠٢٠

ملاحظة

be cautious, selling may ceased as price action retreating back to bullish trend line.

١٨ مايو ٢٠٢٠

ملاحظة

Bears were once again badly hit last night. No more selling, cease fire !!!