Having successfully hit both of our bearish targets on the MA20 1D sell signal:
, the index is trading inside a 1D Descending Head and Shoulders pattern (RSI = 30.952, MACD = -335.400, Highs/Lows = -556.4643) with clear sell/ buy pressure points. We are currently approaching the strongest buy level (24,600) which is for us an automatic long order to 25,070. If 25,200 breaks and gets re-tested successfully as a Support, it will be a long continuation signal towards 25,800.
Thanks for the post. See my similar idea on US 30. Trading at a key pivot area now with much whipsaw action, little direction. Could be setup for sharp rally like we saw in Nov + Dec, before the cascade.
InvestingScope
⋅
@DaddySawbucks, Indeed and this is exactly what we are counting on.