Comments on: IWM & /RTY Bounce Back To Key Resistance

By: Beljrc

Beljrc — Fri, 11 Feb 2022 00:01:35 +0000

In reply to Beljrc. Crossover on the daily

By: Beljrc

Beljrc — Fri, 11 Feb 2022 00:00:54 +0000

Thanks for the Charts, Would you mind doing an Oil analysis again. USO just had a high level PPO Crossover and appears to be sitting on trendline support. I know longer term you are bearish, but would appreciate your thoughts.

By: rsotc

rsotc — Thu, 10 Feb 2022 19:25:08 +0000

In reply to dbaldor. Have to say that EEM is looking like a potential long setup. Here are my daily & weekly charts. Although clearly in a downtrend (and maybe that will continue for some time), there are bullish divergences on the daily chart with the PPO turning up & poised to make a bullish crossover on the weekly as EEM approaches support. Keep in mind the US stock market vastly outperformed most other countries as the Fed & DC freaked out & went with the nuclear option when COVID hit, thereby overstimulating our economy (and stock market). Now that Dr. Feelgood (J Powell) is taking away the heroine, things could get uglier here than abroad as our markets have more hot air underneath.

By: dbaldor

dbaldor — Thu, 10 Feb 2022 17:20:00 +0000

Hi Randy, Do you think EEM would also be a good short candidate?

By: trade0039

trade0039 — Thu, 10 Feb 2022 15:58:05 +0000

Yet another excellent setup!