Oversold and below the bands.
This status can continue for extended amounts of time, but usually not forever.
DIA has just fallen below the .382 of the trend up from the Covid low.
This market will not go straight down just as it did not go straight up.
No recommendation.
The Big Dippers (the buy the dip folks) will come in again eventually. Maybe not tomorrow or the next day. But they will.
I will worry about that tomorrow.
QQQ and SPY are not "as" oversold as DIA. Not sure if that counts for anything
Short for the longer term/possible bounce.
This status can continue for extended amounts of time, but usually not forever.
DIA has just fallen below the .382 of the trend up from the Covid low.
This market will not go straight down just as it did not go straight up.
No recommendation.
The Big Dippers (the buy the dip folks) will come in again eventually. Maybe not tomorrow or the next day. But they will.
I will worry about that tomorrow.
QQQ and SPY are not "as" oversold as DIA. Not sure if that counts for anything
Short for the longer term/possible bounce.
Note
“People are supposed to fear the unknown, but ignorance is bliss when knowledge is so damn frightening.”― Laurell K. Hamilton, The Laughing Corpse
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.