daytrade diaries... monday, page-112

As mentioned by many here today, I'm now adopting a far more cautious stance, selling most holdings and keep the cash ready for later.

This chart is from the weekend, so doesn't have todays action, but after Fridays failure to break resistance and gravestone doji where sellers took firm control and kept it into the close , todays candle has a lower high and a lower low, confirming a short term downtrend.

You will notice on the chart that MACD is a day or two away from rolling over and RSI has a triple bearish divergence showing. Not great tech signals for being long the market.

Anyway, all the best
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