This Post is for those who Believe in Simple EMA Trading System
Before going to the picture EMA Traders will agree a concept that
IF 13 EMA > 34 EMA > 55 EMA THEN = BULL MARKET
IF 13 EMA < 34 EMA < 55 EMA THEN = BEAR MARKET
A BULL MARKET WILL CONVERT INTO BEAR MARKET IF 13 EMA < 34 EMA This is
the first sign of a real Bear Market.
There is once again problem for dow with 13 WEEK EMA. Also check out the MASSIVE
Rise in RSI which shows that sell of is clear in one or two days in DOWJONES . Also Earlier too dow respected 13 EMA Resistance as shown in the charts.
Looks Long Term Investors should stay away at this level as the upside looks capped.
CASH is king should be the best strategy at this level.
SAY NO TO NOISE!!!