We’re Going To Need More Oomph!

2018년 2월 27일

As stated in my last update, the first resistance would be the 50 day moving average, with the next one being the bottom of the cloud. Our countdown lower didn’t reach 9 to the downside which means we could see a continuation lower or sideways if we don’t decisively break higher to at least 10,800 for today’s close and the green count numbers continue higher in their own formation up to 9 on the next several daily candles.

Keep watching those countdown numbers. They are a great indicator of momentum and change in direction.

MACD and Stochastic are still showing some more upside, but I’d really like to see some more Oomph. (Buying Volume)

Keep a watchful eye. The upward trend will eventually resume. Until then I continue to HODL, and buy more when I can.