Chart of the Day: Percentage of Stocks Above the 50-Day Average
The pressure on the market is mostly down. The number of stocks above the 50-day Average is moving downwards and that shows weakness. At the same time, it can act as a contrarian indicator.
Do you think the market will go further downwards before it finds a bottom?
I appreciate if you write in the comments all your questions and instruments which you would like to see analyzed.
Thanks for pushing the like button, write your comment, and share with your friends. I would like to thank in you for all your support.
P.S. It's important that you make your own analysis and trade within your risk parameters.
Do you think the market will go further downwards before it finds a bottom?
I appreciate if you write in the comments all your questions and instruments which you would like to see analyzed.
Thanks for pushing the like button, write your comment, and share with your friends. I would like to thank in you for all your support.
P.S. It's important that you make your own analysis and trade within your risk parameters.
Stocks and Crypto Currencies Trader and Investor
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