DJI weekly: Start taking profits & get ready to get out
- EMA lost positive slope on week of January 22
&
- MACD crossover on week of Feb 5 showing strebth in bear.
&
- ADX have rallied above both Directional Lines (+DI and -DI) = Indicates overheated market.
Conclusion: Start taking profits, reducing positions, and prepare to get out.
&
- MACD crossover on week of Feb 5 showing strebth in bear.
&
- ADX have rallied above both Directional Lines (+DI and -DI) = Indicates overheated market.
Conclusion: Start taking profits, reducing positions, and prepare to get out.