The market lost another 35.83 points today closing lower by 1.23% at 4039.40 with relatively average volume.
Another lousy day and I was simply waiting for trade setups the entire session.
AGI looked relatively week as it formed lower low on RSI. I think it's going to head down a little further in the short term so I'll just avoid it for the meantime until it gets extremely oversold.
DMC still looks weak in the short term. I'll be waiting for momentum to buildup for the meantime.
I'm expecting a signal to form in 2 days in MER just for confirmation as it is already resting at 50% fibonacci level.
I'd probably get back on SMC next year.
Interestingly, a trade setup appeared in BEL today despite of the overall weakness of the market so I bought at the closing at 3.83. Hope it gaps up tomorrow.
Oh, and MBT broke down heavily today, breaking the third support(main) line so I'm expecting it to head further down to 54-58 levels and/or until it is extremely oversold.
