When RSI Trend Lines Cross

Plotting RSI trend lines, we can see something is going to occur at end of the day today based on their crossing, and February 4th as well it is looking like.

Which direction? My guess is up today, but no guarantee. Only certainty at this point and for the upcoming weeks, I think, is choppiness.

I wouldn't go in either way yet until we break some trend lines and see some significant movement in either direction. Lot of retail cashing out, lots of big money holding it up still.

Trade safely.

=FIB

Kommentera:

playing out nicely so far