Combined US indexes suggest a cotinued over-extension
The Combined US indexes are clearly in bearish divergence, as previously described. However, it appears that there is a thin underlying technical and funding support to push this index(es) into the Fibonacci target over the next couple of weeks till the end of April.
A trajectory of the expected retrace to run scenario is drawn in light yellow, to the upside target where the green ellipse is.
Watch for breakdowns below supports and no recovery. Otherwise, this looks unbelievable, but it is a sucker's rally really.
Tread and trade with caution...
A trajectory of the expected retrace to run scenario is drawn in light yellow, to the upside target where the green ellipse is.
Watch for breakdowns below supports and no recovery. Otherwise, this looks unbelievable, but it is a sucker's rally really.
Tread and trade with caution...
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