Parabolic Inversion 😱
The Nikkei 225 ETF turned parabolic today.
The 5-day simple moving average has already fallen below. There is still a distance to the 20-day simple moving average (36,262). is it going to drop this far?
If we move at today's closing price level, the 5SMA will decline, but the 20SMA will still rise.
Will the 5SMA and 20SMA dead cross, or will stock prices rebound around the 20SMA? We are keeping an eye on future developments.
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181716022 : I wonder if it's still too early to sell short![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
kozkoz OP 181716022 : Thanks for commenting.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
It's just my personal opinion, but I also feel like it's going back once, so I feel like it's still too early to sell short.
Thank you very much for commenting