1M DJI: Uh-Oh... looks bad..
Updated
As above.
Printing bad news all around.... MACD on 1M likely getting ready to cross with big dump ahead would be my guess.
MACD on 1W also looks like it will head into NEGATIVE territory as well. Bearish divergence on RSI for 1W and 1M charts been going on for quite some time to boot.
Rounded top forming.
Next large gap fill down to 30K in near term looks likely.
Cash is king again... except for that inflation thingy going on.
Will follow.
Good luck traders.
Printing bad news all around.... MACD on 1M likely getting ready to cross with big dump ahead would be my guess.
MACD on 1W also looks like it will head into NEGATIVE territory as well. Bearish divergence on RSI for 1W and 1M charts been going on for quite some time to boot.
Rounded top forming.
Next large gap fill down to 30K in near term looks likely.
Cash is king again... except for that inflation thingy going on.
Will follow.
Good luck traders.
Comment
Ouch. Price action going as TA predicted.Disclaimer
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