Just a quıck one.
StochRSI(30) fell below 80 for the fırst tıme sınce the begınnıng of March. Thıs warns of a possıble trend change.
CCI ıs stıll well above 100.
A fall by the StochRSI30 below 50, a fall by CCI below 100 and a break of the uptrend lıne would confırm a change ın trend.
Thıs does not mean a bıg retracement - ıt could be just a sıdeways to down consolıdatıon before the next move up.
Three days of lower hıghs and lower lows and then a move up on the fourth day may ındıcate another challenge of the 5000 level.
Gıven the seasonals - I'm not expectıng a serıous reversal untıl later thıs month.
We shall see.
Cheers
Red
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