🖼 Daily Technical Picture 📈
➤ A low volatility start to the week. NASDAQ underperformed while Russell 2000 small cap caught a bid. Price could not push through the short-term resistance level above 400 on the SPY. VIX keeps moving lower.
➤ I'm finally back in the action with a moderate short position. It's going to be a short stay, 1 or 2 days perhaps. It was kind of an unfortunate start. Equity prices burst higher in the few seconds into the close just after the opening of my position. A little bit annoyed with that.
➤ Conclusion: Remember that we are in choppy conditions so I'm not expecting any major directional moves as yet.
EQUITY TREND:
⦿ Short-term (weeks) - DOWN
⦿ Medium-term (< 6 months) - UP
⦿ Long-term (>6 months) - DOWN
➤ A low volatility start to the week. NASDAQ underperformed while Russell 2000 small cap caught a bid. Price could not push through the short-term resistance level above 400 on the SPY. VIX keeps moving lower.
➤ I'm finally back in the action with a moderate short position. It's going to be a short stay, 1 or 2 days perhaps. It was kind of an unfortunate start. Equity prices burst higher in the few seconds into the close just after the opening of my position. A little bit annoyed with that.
➤ Conclusion: Remember that we are in choppy conditions so I'm not expecting any major directional moves as yet.
EQUITY TREND:
⦿ Short-term (weeks) - DOWN
⦿ Medium-term (< 6 months) - UP
⦿ Long-term (>6 months) - DOWN
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, www.etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, www.etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice