A bounce or muted session was possible?
Do you want to know why I wrote yesterday that a bounce or muted session was possible on Friday?
There are three reasons, this is the first one:
$DJIA(.DJI)$ : Price clashed with the lower Bollinger Band while Stochastic were curling up.
That simple, the index without $NVIDIA Corp(NVDA)$ was bottoming relative to the bands and fast oscillators.
On the other hand, a bearish MACD crossover is a halo to consider in the indexes, price action has to demonstrate its bullish direction next week. Daily volume looks promising on that bullish daily candle.
There are two more reasons, please waiting!
Image
https://x.com/SmartReversals/status/1796694875057885356
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