Friday, January 25, 2019

UPS Possible Swing Top Update 3


Today we got a little scare at the open with a little gap up and a continuation upward, but by the end of the day we are left with a doji candle, which is said to indicate indecision. I don't like that we closed above the 3 EMA and the 8 EMA, which is a little bullish compared to yesterday, but the position is still in the money, so I held on for now.

Also, the close today (100.83) retraces the difference between the low of yesterday (98.83) and the high of 2 days ago (103.13) by about 50% (98.83+103.13)/2=100.98). This is a very typical move in general. So not a good reason to get out.

We'll see what happens next.

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