With the Dow Jones on a rocket ship to the moon I feel it is becoming time to think about entering a short trade. It is very hard to use technical analysis at this level and price has not been here before.
If you look at the MACD you will notice price is about to make the crossover.
As always well balanced approach. Good on you !
Currently, we have not elected any Daily Bearish Reversals from this new high of Wednesday March 1st. The immediate Daily Bearish Reversal to watch lies at 2073394 but focus more on 2069238. A closing beneath this level will signal a temporary high is in place. Additionally, a closing below 2095729 would also imply a technical based pause in the uptrend for now.
Currently, we have not elected any Daily Bearish Reversals from this new high of Wednesday March 1st. The immediate Daily Bearish Reversal to watch lies at 2073394 but focus more on 2069238. A closing beneath this level will signal a temporary high is in place. Additionally, a closing below 2095729 would also imply a technical based pause in the uptrend for now.