mcm daily market update 22.Oct.21
ST trend: up Yesterday we were noting that the ST trend was neutral, as both sides were showing inefficiency via FGSI. We were also mentioning that a ML breakdown was…
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ST trend: up Yesterday we were noting that the ST trend was neutral, as both sides were showing inefficiency via FGSI. We were also mentioning that a ML breakdown was…
ST trend: down On Friday we were mentioning that the ST trend was neutral, as both sides were showing inefficiency via FGSI. The session on Friday didn’t do much to…
ST trend: neutral Yesterday we were mentioning that the trend was up with a potential topping pattern, as we had just finished an up squeeze and buyers were showing early…
ST trend: down (with potential bottoming attempt) Yesterday we were mentioning that the ST trend was neutral, as both sides were showing inefficiency via FGSI. We did note however that…
ST trend: up Yesterday we were noting that the ST trend was neutral, but the set up was there for a bigger correction. ML did give way and we did…
The past week (21-25th of June) we had a very strong week and a powerful melt-up off Sunday’s OPEX lows. Those lows were announced on Monday in the am on…
ST trend: up (with potential topping pattern) Yesterday we were mentioning the ST trend was down with a potential bottoming pattern as buyers were inefficient via FGSI and they had…
Last week was the most bullish one in quite a while. Tuesday put in a low in the o/n on the North Korea missile test news, but from there the…
The market put on the breaks last week after a very bullish start in October. It still managed to grind higher, but only slightly and this type of behavior resembles…
The 1st week of October went to the bulls hands down. They managed a 5 green candles week, and a new ATH each day except Friday. As we have been…
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