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bear market 1st down leg counter rally approaching overbought
on Friday I shorted PRGS at 34.50 on gap down + negative MACD crossover
holding TSLA short from 340
might short C this week on rally back to 150 day ma
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(01-21-2019, 12:08 PM)shaunattwood Wrote: bear market 1st down leg counter rally approaching overbought
on Friday I shorted PRGS at 34.50 on gap down + negative MACD crossover
holding TSLA short from 340
might short C this week on rally back to 150 day ma

I like your thinking Shaun. good luck with both of those
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Golds four week consolidation is looking more interesting with the stocks potentially turning down again. The 30 week MA is turning up again, and the relative performance versus the S&P 500 remained above the zero line during the consolidation of the last month.

The 2 hour chart shows the micro Stage 3 range that's formed, so a breakout above 122.5 could be a potential continuation point imo.

Attached is the weekly and 2 hour charts

       
isatrader

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