The techs and their index have formed a big signal and broken out on it.
On the monthly chart everything looks very bullish and further price rises are likely. These vertical charts all have a large drop but this must be able to be continuously ignored. However, emotions should hardly play a role in trading securities, because we are talking about a job here.
So after the closing price for the month, a first position was opened.
For good measure, a PG was also formed on the daily chart, which also broke out. It couldn't be going any better, you think, but something important is missing. Today the PG on the daily basis was closed again and this with approx. 300 points.
What irritates me is the lack of volatility. The market seems to be waiting for something and this shows in the thin trading. Next week is the change of office in the US and riots are expected. Whether this situation spreads to the markets I think is unlikely but who knows what is to come. Much worse is the chance of a technical correction, as the uptrend is clear everywhere. One more profit-taking and the slide could start. So it remains exciting and so will the next week.
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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This post is my personal opinion,
do your own research before making any investment decisions.
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