Some reasons why we could see a pullback here:
1. We are forming a bearish divergence on the daily timeframe
2. We exactly touched the fibonacci retrace level at 78.6%
3. We are at the top of a potential downward trend channel
4. Overbought
5. Red dot, indicating sell pressure
6. Global liquidity being drained
1. We are forming a bearish divergence on the daily timeframe
2. We exactly touched the fibonacci retrace level at 78.6%
3. We are at the top of a potential downward trend channel
4. Overbought
5. Red dot, indicating sell pressure
6. Global liquidity being drained
Commento:
Bearish div on daily. And most likely we will print a red dot after today.
Commento:
Will he announce that we are in a "mild" recession today 👀
Commento:
Rate hike relief pump has now retraced. If unemployment rate comes in hot tomorrow we might get the catalyst to the downside and confirmation of a pivot.
Commento:
We just got a Fitch rating downgrade that can have effects on the stock market:
- decreased confidence in the market
- increased borrowing costs
- market uncertainty
- impact on global markets
- weaken the U.S. dollar
We have awaited a pullback. Will this end up beeing more then a pullback?
- decreased confidence in the market
- increased borrowing costs
- market uncertainty
- impact on global markets
- weaken the U.S. dollar
We have awaited a pullback. Will this end up beeing more then a pullback?
Commento:
To me it looks like every pump is beeing sold in to -> big players getting exit liquidity
Commento:
The possibility arises for a new bottom in Q1 2024:
