Spent sometime sieving out new RS and HTF setups to refine the watchlist from the last 2 days of correction. Worth to note that all 3 major indexes have a much more lacklustre performance for yesterday’s session on the equal weighted level, with $RSP and $EQAL breaching 10 & 50-MA in single session.
$MMTW has been below 50% level for 13th consecutive session.
Thanks for reading.
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8/3/2023 Market Diary
-Further correction frm 20-MA rejection, all major indexes have much more lacklustre performance on equal weighted level. $RSP $EQAL already breached 50-MA
-Sieved out new RS and HTF names & setups
– $MMTW <50% for 13th session
– $COPX out, $JETS in pic.twitter.com/Y1oQrFl6HB
— Jeff Sun, CFTe (@jeffsuntrading) March 8, 2023
