Combined US Indexes BROKE DOWN
The last week proved to be the straw that broke an important support level, to close the week at a recent low. This is very significant as it is the first indication of downward momentum, having bounced off the same support three prior weeks.
MACD appears to be deteriorating again in the past week, and the VolDiv is definitely not improving.
What this is projecting is that there is more downside to follow, and if it breaks the next support levels, there would be a strong downward wave as technicals would have aligned by then.
Heads up... likely going down further...
MACD appears to be deteriorating again in the past week, and the VolDiv is definitely not improving.
What this is projecting is that there is more downside to follow, and if it breaks the next support levels, there would be a strong downward wave as technicals would have aligned by then.
Heads up... likely going down further...
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.