Last week we had a shortened Trading week because of Good Friday.
We opened last week on Monday with a gap up right into the bear gap and got pushed out. From there we dropped down to the 35EMA and bounce there to just underneath that bear gap again.
Tuesday tried to get further into that gap and got pushed out again.
Wednesday and Thursday we regrouped and stayed close to the 35EMA which is still underneath the downward facing 30min 200. We did drop underneath that 35EMA on Wednesday when Jerome powell spoke and then reclaimed it on Friday!!
So Last week can be summed up in small caps as we got pushed out of Trumps Week gap from the week before and consolidated back to the 35EMA
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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.