Trend Continuation, 23 Feb 2023
🖼 Daily Technical Picture 📈
➤ Equities finished slightly down although tech and small cap outperformed. Price recovered from the day's low towards the end of the trading session but was not able to hold on to earlier gains.
➤ Overall, there's little to say about today's price action. S&P500 once again finished below the 400 level. Usually around these "round" numbers, price likes to move to and fro.
➤ I continue to hold my large short position.
➤ Conclusion: I still favour trend continuation to the downside in the short-term.
➤ Equities finished slightly down although tech and small cap outperformed. Price recovered from the day's low towards the end of the trading session but was not able to hold on to earlier gains.
➤ Overall, there's little to say about today's price action. S&P500 once again finished below the 400 level. Usually around these "round" numbers, price likes to move to and fro.
➤ I continue to hold my large short position.
➤ Conclusion: I still favour trend continuation to the downside in the short-term.
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Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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