Saturday US Indexes Analysis - Feb 17th, 2018
The strategies discussed below are suitable for swing traders.
In Equilibrium
In my last week analysis here, I wrote "If you are holding some stocks, hang on. It’s not a bear market.", and that exactly what happens during these several days. The price has moved back up after "bouncing" the 200 EMA support.
As you can see, after the sharp "V" movements, all major US indexes are slowing down. Don't expect it to shoot to the sky from here on. I'm predicting that it will make a consolidation / sideway for a little while. The MACD and RSI are showing that the current closing price can be considered as in equilibrium.
The best case scenario here would be that the indexes would move sideway for one or two weeks, while the 200 EMA is trying to catch up with the current price. After that, it could go up with full power.
If this blog post has entertained or helped you, please follow, upvote, resteem and/or consider buying me beers :
BTC
ETH
LTC
DOGE
XMR
BTC : 1HqYTjRdZvss32vDrp1T8gRAXTgdqfZ6VS
ETH : 0x1fc22bC528ceE3DaA39555269b70e287dda9aE3E
LTC : LdEiGzjcG36EoZoezDu6rZmdwVcSJHazfr
DOGE : DMYx1w5Sr4uoMnNWymn5nMpCuySSr178TA
XMR : 46QngrRwYgAbQJzW2ZJZ8HEuirkUW2bw84ajWhk73DLG8iT9NqgfzSU4ddRZbeAaLgFeL6gAxzVtGZPHJhFmCDXF3ZEwimT