The markets continue to be confined by the declining 5DMA as resistance and the VWAP from 3/10 as support. Until one of these gives, I am keeping trades very short term.
are now flat to turning higher, see circles on charts below. The steep downtrends have been broken and today’s volume gives us reason to be CAUTIOUSLY OPTIMISTIC over the next few days. If this rally is to turn into a larger bear market rally we will want to see the 5 DMAs hold as support. … Read More