Since 10 year notes chart will not show were it is going the uncertainty among the indexes is clear plus the thin August volume. Only robots in the markets. News at 14:00 regarding New home sales can move the market. To go long in any index now - except day trading on 5 min charts - I do not recommend. However I am looking at SWED and FTSE for longer short positions in any rally. FTSE has the falling 8 MA at the top of today's bar for instance.
The most important thing for me is to get this Fridays close and see if the coming week or next will make the 8 week MA falling. The monthly close next Friday is very important as well. We are definitely coming closer to the bear market even with this thin trading. September use to be thin as well but anything can happen with interest rates and as you know that is my trigger.
The most important thing for me is to get this Fridays close and see if the coming week or next will make the 8 week MA falling. The monthly close next Friday is very important as well. We are definitely coming closer to the bear market even with this thin trading. September use to be thin as well but anything can happen with interest rates and as you know that is my trigger.
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