It looks like they general markets are in a few U&R areas from last Friday to a few weeks prior testing those lows. Keep in mind many other stock formations are doing the same.
We have Alignment Health testing another U&R. Let’s see if it holds it or not. One this it do was get resistance at the 10 and 50 DMA. Let’s see if it can overtake it or not soon. Next Thursday is earnings…..
Rules in the uncertain world are so important. When you want to guess and take profits, sometimes its best to continue to use the rules established. I sold the final position at $80 using the 10DMA. As seen here, the strength continues. The 10 day is still the guide until its not. You can’t predict the future but you can follow through rules to create order out of chaos. We are not Nostradamus.
This is now real time psychological warfare. The mind in the markets. We see a break in Monero. Let’s see how it holds the 10DMA or not. It did close below the 10DMA for the 1st time. Now let’s see if it close below that low and holds the 20DMA. Its still early on this move. Let’s where the next base builds or not.
