US BANK INDEX - 15% Countercyclical Trade?

27 thg 10, 2018

The selloff has been fairly steep in this index as we now trading below the descending channel. We are very oversold here, so let's look for a re-entry back into the channel and see if we can hit channel resistance before we get another consolidating sell-off.

Here's the weekly snapshot:



We can see we are close to the EMA200 and will probably need to retest resistance before we break below it.

***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK

31 thg 10, 2018

Ghi chú

Back in the channel! Very nice.

5 thg 11, 2018

Ghi chú

OK! At resistance and consolidating now. We should not trade below 96ish.

11 thg 11, 2018

Ghi chú

Ah!

4 thg 12, 2018

Giao dịch được đóng thủ công

Broken support!