Short Term Out-Look for Stock Weakness

54
The number of stocks below their 50-day moving average are nearing the 3.618 % Fib-Extension, which does not mean it cannot reach even the 4.618 % level. Most likely to my experiance, stocks will recover short term after todays "witches" have finished their "rituals".
I expect intraday to become ugly eventually at some point to draw the candle of a "hanging man". History tells us that it is safe to buy after December 24th after a failed X-Mas rally. Good luck and take responsibility for your trades!

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.