Similar pattern to S&P posted earlier. Retraces holding expected support. Could see range-bound between 104-116 for several weeks while still maintaining a bullish posture overall. RSI and MACD negative divergence normal during completion of an impulsive motive wave. Not also RSI embedded in wave (iii); typical signature.
Don't trade against a 3rd wave....trade safe.
Don't trade against a 3rd wave....trade safe.
Idee correlate
QQQ - 1 hr
nick.holland78
about QQQ
EFA - 1hr
nick.holland78
about EFA
S&P500 - 1hr
nick.holland78
about SPX500