The market is breaking the bearish structure on multiple timeframes. This idea is from the Weekly perspective. The Fib Extensions are pulled from the previous cycle high to swing low. These levels will be levels to watch as the macro timeframes start to heat up. The key levels to watch are the .618 extension levels for impulses and the .236-.382 for pullbacks.
Weekly RSI is nuetral around 58. RSI has tested and held above its moving average.
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