Long time Charts Markets not looking good.

Be aware that the 200 SMA (red) is way down from the price action (Not a very good sign). The uptrend is getting too steep. A big retracement to the down side is highly possible (Although the markes have tanked last week, still, pay close attention to the price action). When making trading decisions, bear in mind the BIG Picture we are in at all times. Global News are hitting strong as well on the Martkets. Be cautious, be prepare and take advantage of the bear market cycle.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s