Lost 50-Day EMA & Anchored VWAP as well.
We closed the day with heavy volume and also below the two most important things (50 EMA on daily and Anchored VWAP)
If we don't close above these two things tomorrow, then there is lot of downside to come.
The problem is this is a very strong seasonal period. so there will be a lot of chop.
Tomorrow FED CHAIR POWEL is going to speak so we will have to see how the markets digest his speech.
Be very careful especially tomorrow.
If we don't close above these two things tomorrow, then there is lot of downside to come.
The problem is this is a very strong seasonal period. so there will be a lot of chop.
Tomorrow FED CHAIR POWEL is going to speak so we will have to see how the markets digest his speech.
Be very careful especially tomorrow.
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