Friday 21 January 2022
Nasdaq Composite closed at a significant support level yesterday.
So an important test of that support today. Hence, I'm going to be watching for undercut and rally / spring type moves today as is a natural cover point for short term shorts.
One hour in. Time for the first bounce attempt. Will see if it's got any legs or not.
A few of the mega caps edging into the green, and smalls caps indexes also.
S&P 500 intraday 2 hour chart
Potential intraday Stage 4 selling climax. So attempt to stop and start a range.
Indexes Comparison chart - the bounce attempt faded once more today and the downside resumed with every major index closing at the lows for the week with significant bars on the weekly charts.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.