This is what may be happening as an alternative to the immediate sell off. Note the 2hr rsi, how low it is again.
The end of the day may look bearish but with the RSI this low, another move higher to test 4100 is still quite possible. Support is 3990 area, Under 3950 and this idea is likely invalid.
Good Luck!
The end of the day may look bearish but with the RSI this low, another move higher to test 4100 is still quite possible. Support is 3990 area, Under 3950 and this idea is likely invalid.
Good Luck!
코멘트:
target area reached
코멘트:
we've held that support area overnight, not sure if we'll rally or just crack below this today
코멘트:
we've stopped and held over the 18ma, a break blow and especially weekly close below is a confirmation to me that we're not bouncing higher.
코멘트:
US DOLLAR looking like a correction is soon - daily BB resistance and daily bearish divergence. Worth a watch.
코멘트:
SPY is at a downtrend here, a break above would be bullish, a break lower than the recent lows is bearish.
코멘트:
looks like a breakout, invalid if we get below the lows
코멘트:
failed breakout - bearish
코멘트:
pitchfork boundary continues to hold - IF we get a bounce it may be nothing but a small retrace
코멘트:
hourly bull divergence is playing out on futures, but it may be just a small bounce - we'll know more tomorrow
코멘트:
jobless claims 830 tomorrow. should determine the markets next step. us.econoday.com/byweek.asp
코멘트:
small rally this morning with the numbers is likely. I'm sort of seeing a head and shoulders on futures if this rally is minimal.
if so, the target is approximately 3650
if so, the target is approximately 3650
