Second Major Distribution Day, Support Smashed
Prices couldn't stay above the 200 day EMA (green line) for long... and broke through the 20 day EMA (blue line) that acted as support off the March lows. On Friday, NYA failed at the 20 day EMA pounded straight thru the rising 50 day EMA (red line) today. This is not good for the "Green Shoots" crowd.June 15th and June 22nd mark the first cluster of "Major Distribution Days" in a while.
The trend has definitely changed from 'bounce' to down.
Second Major Distribution Day, Support Smashed
Reviewed by Information
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13.57
Rating:
Reviewed by Information
on
13.57
Rating:
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