Thursday, January 10, 2019

OCBC - Market Depth







I studied the OCBC chart and the market depth looks bearish for the short term. The buyers looked a little tired while the sellers were stacking up. In the market depth, you can see that the ask side is quite thick while the buy side was reduced. In fact, since my last post on the Dow Jones bearishness, the Dow futures tanked to -122 points and I am expecting the market to trend down in the short term a little. Looking for shorting opportunities in the banks.

http://stockmarketmindgames.blogspot.com/2019/01/dow-jones-top-30-volume-did-you-see-it.html

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