This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
The weekly YMM11 looks like it is getting ready to be pushed off a cliff and fall to the 20 sma (11518). Friday's close will either confirm or negate this scenario. A close below 12317 on the weekly is a good clue that weekly momentum is bearish alright. Price volume studies are buried in the negative as well, on increasing open interest...,suggesting more and more traders ARE indeed entering as convinced sellers.
The weekly YMM11 looks like it is getting ready to be pushed off a cliff and fall to the 20 sma (11518). Friday's close will either confirm or negate this scenario. A close below 12317 on the weekly is a good clue that weekly momentum is bearish alright. Price volume studies are buried in the negative as well, on increasing open interest...,suggesting more and more traders ARE indeed entering as convinced sellers.
ReplyDeleteKeith
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