1-box reversal setting today is a bit encouraging when we went up one box.then fell back later.
A relief rally ,at least,may be due and good for a trade while the smoke clears.
Look at 1 2 and 3 settings and note how each paints a diff. picture.
Charting is free.
just looked at a 1-day chart of NOV on tdameritrade where I have one of my accts.
Set ut up for 5day sma,plus 100day and 200 day.all on one chart.
The positions of the three of them are completely reversed from how they should be.......
the 5 is on the bottom, the 100 is above it,and the 200 is above that.
This pattern sucks and makes me even more cautious.
I trade but never short....shorting gives me ulcers,or at least pain.