Bearish Signal already shown
Hoho. The market really move to the downside like what i said in my last post. Negative news yesterday make every investors panic and doubt the economy recovery this year.
From Daily Chart, we can see that Index S&P 500 already violate the SMA 50, its not good for the bull.
From intraday chart, we can see that sellers dominates in opening and closing hours of the day. This is the first bearish signal to aware.
My View : Be ready for couple of short position trade (Buy Put Option), i will post my trade later.
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Hi there,
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Loved your latest post, by the way.