mcm daily market update 31.Dec.21
ST trend: down (with potential bottoming attempt) Yesterday we were noting that the trend was up with potential topping pattern as the high was unconfirmed on FGSI. We did mention…
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ST trend: down (with potential bottoming attempt) Yesterday we were noting that the trend was up with potential topping pattern as the high was unconfirmed on FGSI. We did mention…
ST trend: up (with pullback in progress) First off: Happy New Year! Welcome to 2022! On Friday we were mentioning that the ST trend was down, with potential bottoming attempt….
ST Trend: down (with bounce attempt ongoing) Friday saw large whipsaws in both directions. After a decently large gap down (30+ points), buyers stepped in and managed to fill the…
ST trend: down (with potential bottoming attempt) On Wednesday we were mentioning that the ST trend was neutral as both sides were inefficient via FGSI and set up both bullish…
ST trend: down Yesterday we were noting that the ST trend was neutral as price was testing ML, so it was decision time. Breakout would get an up squeeze while…
ST trend: down On Friday we were noting that the ST trend was down, as the market continued to act weak. We also warned that “Large bounces are possible, but…
ST trend: up Yesterday we were noting that the ST trend was up with potential pullback starting as FGSI was coming back from extreme optimism and was showing unconfirmed highs….
ST trend: down (with potential bottoming attempt) Yesterday we were noting that the ST trend was up as sellers were inefficient via FGSI, buyers had won back ML and FGSI…
ST Trend: neutral (potential ST bounce underway) On Friday we were noting that the ST trend was down, with potential bottoming attempt, as price kept making lower lows after losing…
ST trend: down (with potential bottom attempt shaping up) Yesterday we were noting that the ST trend was down, with a bounce attempt, as buyers had put in another unconfirmed…
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