US BANK INDEX - 15% Countercyclical Trade?

2018年10月27日

The selloff has been fairly steep in this index as we now trading below the descending channel. We are very oversold here, so let's look for a re-entry back into the channel and see if we can hit channel resistance before we get another consolidating sell-off.

Here's the weekly snapshot:



We can see we are close to the EMA200 and will probably need to retest resistance before we break below it.

***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK

2018年10月31日

註釋

Back in the channel! Very nice.

2018年11月5日

註釋

OK! At resistance and consolidating now. We should not trade below 96ish.

2018年11月11日

註釋

Ah!

2018年12月4日

手動結束交易

Broken support!