we got a exaggerated divergence ( bearish ).meaning straight horizontal resistance line on the chart and on the RSI: HH -> LH.
Also crossed the support line on the RSI and retested it as a resistance.
it's a bended top -> so it's loosing the strenght.
The question is IF it will drop, the support line will hold? if not hmmm probably we will have a good big crash
a thing to consider is that the FED started to tapering, meaning it will effect the stock market (not in a good way)
They created this bubble but will they solved this???
Also crossed the support line on the RSI and retested it as a resistance.
it's a bended top -> so it's loosing the strenght.
The question is IF it will drop, the support line will hold? if not hmmm probably we will have a good big crash
a thing to consider is that the FED started to tapering, meaning it will effect the stock market (not in a good way)
They created this bubble but will they solved this???
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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.