AAPL reversed from its overnight highs on strong selling. The market weakness is not helping.
There was a tentative bounce but this type of bounce cannot work if the Money Flow stays negative.
So no long trade today.
Pascal
AAPL reversed from its overnight highs on strong selling. The market weakness is not helping.
There was a tentative bounce but this type of bounce cannot work if the Money Flow stays negative.
So no long trade today.
Pascal
The 20DMF only shows a slight accumulation today: higher prices do not attracts renewed selling. This points to to possible continuation of the bounce.
Pascal
Nothing good to see here for now.
Pascal
No reason to jump in and buy the bounce for now.
Pascal
I did not expect to see the 20DMF so dull today.
What is this market expecting? When will they push things up? The QQQ Max pain level is $164, which is not that far away. The SPY max pain is 277.5. A little far I believe, but that can be done.
For now, I'll be waiting to add to the long positions.
Pascal
Today, the 20DMMF shows weakness while the NQ8 MF shows strength
Pascal
I would not rush to buy for now.
Pascal
Similar bearish pattern as what we had on March 1rst.
Pascal
Finally money came back in during lunch time and the day was saved.
Pascal
Bounces are sold, but the NQ8 look stronger than the rest.
Pascal