Struggling with the 50 Day MA this week and is now just under it.
We need to see how the market reacts tomorrow to this difficult day and see if it continues, which would be a concerning move going into the long weekend.
$NVDA reporting has marked the end of the earning season for us and possibly the month long rally, so I am keen to see where support comes.
Overall today, I did not see any break downs of structures but lower Fib supports used instead, which is common on market wide sell offs like today.
Silver, ETH and Chinese ADRs remain my targets right now until the dust settles.
I am in no rush to buy until support is confirmed.
We do not need to buy every day and even one buy a week is more than enough.
Francisco Alanis
2024-05-23 20:51:06 +0000 UTC