On the above line chart, this week drop looks bad as it is almost a straight line drop. However, looking at the below candle chart, we actually have 3 green candles out of the 5 days. While it open lower (gap down), it ended higher. Most importantly, it still stay above 15,000. Or am I bullish biased and reading too much into it?
Uptrend still looks intact, isn't it?
On the Weekly chart, it is an inside bar. We might just have to wait to see what will happen next week.
NKVI manage to stop the decline and revert up a little. There is nothing much I can/need to take action now except to continue monitor it. If it ever display the same pattern as in 2012 (as mentioned in this post), I have to take the necessary actions.
SPX closed at 1967.57, up 2.89 points on Friday, stop (or pause?) the week decline. N225 might stop the decline as well when open on Monday.
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