- Ford gave a clean breakdown from a trend line in weekly chart.
- Price has closed below 50 week moving average.
- Immediate support for the stock is the last swing low 13.75 and the Golden ratio at 13.25 level.
- Unless a big turnaround comes Medium term looks weak for F.
- BEARISH ENGULFING OF IWM
Also, no trading positions over the weekend, stopped out on longs. Really think the Euro is setup for a turn down immediately or within a day.
ReplyDeleteHere is an indicator that appears to so far be safe from manipulation.
Some of my best work, a highly, and amusingly annotated
chart comparison between my proprietary volatility timing indicator (VOS) and
the SPX, long term line chart.
See other posts for the candle charts which show fractal
similarities between the VOS in the past, and after which a large index drop
occurred. Those same fractals repeated
last week.
http://oahutrading.blogspot.com/2011/06/vos-indicator-in-detail-comparison.html