Well this doesn't look good
EDIT: EW is off up here... I made a fix below that shows the correction. The fix doesn't change the direction I see though... I wish it did.
uh oh.... Too many indicators showing downward action. Elliot wave shows the end of C wave (or wave 3 in 5 wave). MACD shows smaller rallies with bigger drops. Stoch RSI is showing lack of enthusiasm. RSI is showing bear divergence. And my own LAVA momentum indicator shows we have run out of emotional Bull steam. so sad.... so sad.
But I believe we can bounce from this low or just go sideways and everything should be okay.
uh oh.... Too many indicators showing downward action. Elliot wave shows the end of C wave (or wave 3 in 5 wave). MACD shows smaller rallies with bigger drops. Stoch RSI is showing lack of enthusiasm. RSI is showing bear divergence. And my own LAVA momentum indicator shows we have run out of emotional Bull steam. so sad.... so sad.
But I believe we can bounce from this low or just go sideways and everything should be okay.
