Bullish, with caution VWAP and EMAs
WE have hit the Weekly VWAP, and are under the Quarterly, Daily, Monthly.... VWAP is like an elastic force that tends to pull us back to the mean.... Also we are at S4 the lower Pivot, and The Pivots
are similar to VWAP, when you hit S4 is is likely we climb back to Pivot/VWAP... There is a reason I put both on the same chart.
The EMAs tell a different story, I will show below... we are under all the major long term EMAs that i watch. We have to break up above them on Monday... If the powers that be decide to tear us down
with heavy paper selling, well they can do it.
are similar to VWAP, when you hit S4 is is likely we climb back to Pivot/VWAP... There is a reason I put both on the same chart.
The EMAs tell a different story, I will show below... we are under all the major long term EMAs that i watch. We have to break up above them on Monday... If the powers that be decide to tear us down
with heavy paper selling, well they can do it.
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We have to get above these EMAs to go up.
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confirmation of up move
Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ