Looks like the macro trend is shifting downward. The behemoth tech rally/bubble is likely over.
The Hourly MA crossed positive back in April and held throughout every downside move since then, until now.
Without a pretty massive move to the upside in the next few hours the bearish cross will happen.
Get ready for the trading algorithims to rapid-fire sell.
The Hourly MA crossed positive back in April and held throughout every downside move since then, until now.
Without a pretty massive move to the upside in the next few hours the bearish cross will happen.
Get ready for the trading algorithims to rapid-fire sell.
Note
Trend is continuing to look bearish1Hour 50EMA is now getting close to the 200EMA
Today's close was just below the 1Day 50EMA
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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.