The trend is your friend, Go long until this breaks. It did $XJO
We closed below the trend line last week,
can we get above it this week???
If we fail to do so, more selling will come and this could go for several days or weeks.
The RSI indicator is still showing a downtrend and if we close below last week's low this week, (5893)
it will trigger a sell signal with the TD sequential indicator.
Furthermore, the MACD indicator is about to fire a sell signal...
Therefore, be careful trading this week.
Maybe, it is a good time to take some profits ...
can we get above it this week???
If we fail to do so, more selling will come and this could go for several days or weeks.
The RSI indicator is still showing a downtrend and if we close below last week's low this week, (5893)
it will trigger a sell signal with the TD sequential indicator.
Furthermore, the MACD indicator is about to fire a sell signal...
Therefore, be careful trading this week.
Maybe, it is a good time to take some profits ...
