Combined US Index - Bullish flip overdone. Retracement now...
As previously marked out, the bullish flip was done, and is pretty overdone. Yesterday's close sealed it for a retracement, and technicals (MACD and VolDiv) support that view.
should be seeing a downdraft to the last low visit (yellow ellipse).
Possible stall at blue ellipse, but look for further breakdown.
Exceeding the last low to close below is Bearish.
Let us see...
should be seeing a downdraft to the last low visit (yellow ellipse).
Possible stall at blue ellipse, but look for further breakdown.
Exceeding the last low to close below is Bearish.
Let us see...
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