Closed the day very close to the 8 EMA, just under the 3 EMA, and still under the 50 SMA and 200SMA. But we also haven't closed below the trend line, although the first half of the day looked pretty weak.
Notice the DMI lines are approaching each other and are close to crossing. If we can get a crossing where the red DI- line goes above the green DI+ line, that would be a good bearish signal.
I'm still uncomfortable about this trade, but there's no good reason to get out. So, just holding my position for now.
No comments:
Post a Comment