INDI
JSE:STXIND JSE Industrial Stocks Being distributedUsing the STXIND as a proxy for the industrial index to get an indication of volume it looks like the industrial stocks on the JSE are being distributed. We have seen an upthrust and sign of weakness (SOW) with increased volume on the declines and no interest in the increases. Price has held below the 200 SMA and Yearly Pivot Point. We are now looking for a break of the trading range to see the start of the markdown.
$XRP IN CHANNEL! MOVING AVERAGES ABOUT TO CROSS WATCH THE MOVING AVERAGES CLOSELY. DROPPED LAST TIME THIS HAPPENED!
XRP in a nice channel for easy small profits in the meantime. I wanted to address the 50 MA that is about to pass the 200 ma. Last time this happened you could see tension building with volume and the closing of the pattern. This time around it will do the same thing and not quite cross one another and drop (first green box) or they will cross and we will see a big impulse move upward.