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My technical kung fu is weak, please explain why this makes you happy?
We are gapping up this morning and will likely enter overbought territory again. If you are bearish what does this chart tell you?
My technical kung fu says that if we make a higher high or at least a matching high with a lower RSI, we are near an inflection point. Is that in any way related to what is making you happy in the chart?
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Excited For The Week Ahead 2 comments
As my loyal readers already know, almost every indicator I follow, both technical and sentiment, is bearish.
But, something today made me particularly happy.
More food for thought.
Kindest,
Andy
Disclosure: I am short QQQ, SPY.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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We are gapping up this morning and will likely enter overbought territory again. If you are bearish what does this chart tell you?
My technical kung fu says that if we make a higher high or at least a matching high with a lower RSI, we are near an inflection point. Is that in any way related to what is making you happy in the chart?
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