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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: tntpal who wrote (37942)9/26/2021 10:15:30 AM
From: sunabeach2 Recommendations

Recommended By
ajtj99
tntpal

   of 40838
 
No firm opinion (don't trade equities) either way but daily chart has momentum that is clearly bearish (also on weekly) though on the bullish side it has landed on 100% projection of prior large downswing, TD Buy Setup and True Strength Index turning up. R/R scenarios are kind of meaningless to me. The trade either does or not not make sense from a PA standpoint and is all that matters. This one, to me at least currently, is a coin flip, until at least indexes resume uptrend. Maybe it is a rotation play away from tech but FA, like stocks, is also not my thing.

YMMV
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