I don't expect the market to completely tank, it probably whipsaws sideways this month.
Overlay for a possible scenario...
Just remember that the market bounces when oversold so don't chase it too far (everyone predicting a huge tank has gotten burned the past few months)
Overlay for a possible scenario...
Just remember that the market bounces when oversold so don't chase it too far (everyone predicting a huge tank has gotten burned the past few months)
Note
Wow, did not expect that today. Lost the trendline without a fight and dropped all the way down to the next one. RSI hit oversold, but MFI didn't.... yetNote
MFI severely oversold, looks like we get a bounce
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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.