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What should we trade today at the start of the US session

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AXP. US:  Down trend and short-term correction
Corrective movement at levels of resistance at 200 moving average - 200 MA
Lower peak than the previous candle - still short is more probable
Short-term daily rise - good areas for sell
For a conformation we should wait for CCI(50) to go below 0 or if RSI goes below 50
Worse data from the company which may reduce the price after idiocies are at their peak levels and shares are reached their bottoms

SL: 65.39

AXP-33USDccaily

BAC: Daily chart, down trend

short-term correction at 50% Fibo at the long

Engulfing bar with a potential of a decrease at resistance levels

Close stop 14.58

Stefan D. Angelov - Head of Stocks Trading

BAC66-USewDaily


 Varchev Traders

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