I never get too excited about Monday morning gap downs on headlines, but we're getting the classic stack of signals lining up.
Trend break + Rising Wedge Breakdown + Daily MACD and DMI turning negative.
All with Weekly MACD turning down for the first time since the rally began.
2960 is the convergence of 50-Day MA and Horizontal support, but by then a lot of damage will have been done.
Trend break + Rising Wedge Breakdown + Daily MACD and DMI turning negative.
All with Weekly MACD turning down for the first time since the rally began.
2960 is the convergence of 50-Day MA and Horizontal support, but by then a lot of damage will have been done.