50/50 Spot as I see it...
We are in a tough spot for trading.
- Daily Volume on Dec 21st was almost double average volume (similar to Sept), which may have shown the end of the current trend
- Buyer Volume since then has been averaging down, meaning less and less buyers are showing confidence in this current bounce up
- MACD is reaching signal line. If it breaks above zero, it will show momentum to the upside. But the cycle looks like it may be topped out, which would send it back down.
- We are seeing a topping out of this current bounce while also meeting up with a resistance level of around ~2640-2650 level.
What are you doing now? I am waiting in cash
I am relatively new to trading, so give me some advice or note anything I am missing
Thanks!
- Daily Volume on Dec 21st was almost double average volume (similar to Sept), which may have shown the end of the current trend
- Buyer Volume since then has been averaging down, meaning less and less buyers are showing confidence in this current bounce up
- MACD is reaching signal line. If it breaks above zero, it will show momentum to the upside. But the cycle looks like it may be topped out, which would send it back down.
- We are seeing a topping out of this current bounce while also meeting up with a resistance level of around ~2640-2650 level.
What are you doing now? I am waiting in cash
I am relatively new to trading, so give me some advice or note anything I am missing
Thanks!
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