The last two days of March, April and now May were sold. End of month booking gains for mutual fund managers, nothing more.
Month end profit taking
Started by
CLK
, May 29 2020 09:49 AM
4 replies to this topic
#1
Posted 29 May 2020 - 09:49 AM
#3
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
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
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
http://schrts.co/ZzDUDwst