Index fallen below the key 13-Day Moving Average. First time since uptrend began 2 months ag
Index fallen below the key 13-Day Moving Average. First time since uptrend began 2 months ago
Major Indicators have weakened.
- RSI - dropped down below 70. Negative.
- MACD below signal line. Negative
- Williams %R dropped below mid-line.
Last two-day candle is a reverse image of pattern that began up trend in December.
This chart screams “sell”.
Super Trend Line still to be broken to downside. That provides some hope for the bulls.
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