$DIA Recap of Last Week Feb 18-21
Have you noticed that when the Dow goes bearish it’s like a leading indicator for the others? At least the last few times. We opened the week with a bearish moving average setup (the 35EMA UNDER the 30min 200MA)
So Last Week we opened the week on Tuesday under both the 30min 200 and the 35EMA
Wednesday we closed above the 30min 200MA but the MA’s closed bearish and then Thursday we gapped down to the 1hr 200
Friday we gapped under the 1hr down to the Downward facing 50 Day MA and broke that level.
We did NOT close within the expected move for the week at all.
The DOWNWARD FACING 50 DAY MOVING AVERAGE showed everyone who’s bass last week.
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🚨Subscribe here if you want these charts in advanced on YouTube - it’s free, youtube.com/@spyderqueentrading
🔴My Chart Settings- youtu.be/WJhP0NhED0o
I am not your financial advisor.
🔴My Chart Settings- youtu.be/WJhP0NhED0o
I am not your financial advisor.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.