2022-01-26

Palladium: Short the Rip

Bullish: stochastics turned up, palladium reversed higher and had not in prior two bear markets

Bearish: hit long-term resistance in May, reaching 1-year resistance, volume divergence

Tiebreaker: If the Nasdaq is going down, palladium should follow it. It ripped the past couple of days and looks due for a pullback anyway. I have shorted with a stop.

Long view:
Possible messy H&S top forming:

No comments:

Post a Comment