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Month end profit taking


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#1 CLK

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Posted 29 May 2020 - 09:49 AM

The last two days of March, April and now May were sold. End of month booking gains for mutual fund managers, nothing more.



#2 CLK

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Posted 29 May 2020 - 11:56 AM

https://invst.ly/qz59g



#3 pdx5

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    I want return OF my money more than return ON my money

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Posted 29 May 2020 - 12:32 PM

Excellent observation, and thanks for posting it. I will do some nibbling today for long term Longs.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 tradesurfer

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Posted 29 May 2020 - 12:38 PM

But isn't the risk that this profit taking turns into an AVALANCHE down ?

 

where is the massive bid support 



#5 CLK

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Posted 31 May 2020 - 12:06 PM

The bears had a chance at the downturn from the 200dma, now above it, any possibility for a retest is most likely gone.

http://schrts.co/ZzDUDwst