The market ws at the top of this channel after the Fed meeting on Tuesday and the Earnings reports from a couple of Brokerage houses. The sell-off on Wednesday took most of those gains back bouncing off of the 50-Day EMA. Thursday is Quadrupple withching Options expirations and the beginning of a long Easter weekend and therefore could be a crazy volitile day. It would not surprise me to see the 50 Day EMA tested again, but that is as high as this market goes now. Get short with confidence at the Bigger Pain has yet to be distribritued.
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.