We recently posted an idea on the DOW to go short and we have another idea from our app to go short on the Russel. Is this a coincidence or are these valid signs that the US indices are low on buying power? What are your thoughts? Please post your thoughts in the comments below.
SHORT - US2000USD SL: 1647.196 (Suggested by our algorithmic system) TP: 1592.164 (Suggested by our algorithmic system)
Reasons behind this idea:
1. MACD signals crossed over bearish
2. Minor RSI bearish divergence
3. Correlation of the DOW short idea by our app
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline Red Dotted Line: Broken Resistance Trendline Blue Solid Line: Support Trendline Red Solid Line: Resistance Trendline Blue Rectangle Box: Support Level Red Rectangle Box: Resistance Level Blue Arrow Line: Bullish Divergence Red Arrow Line: Bearish Divergence Purple Vertical Line: Suggested Stoploss by our algorithmic system Green Vertical Line: Suggested Stoploss by our algorithmic system
Trade idea from our mobile app: ibb.co/C8ZtzHX (Timestamp is in Australian Sydney Time UTC+7)