Interest rates on American bonds began to sound alarming. We can see this from the graphs as well as from the real economy. We shouldn't be too surprised at this in a growth-based capitalist system.
The new inflation number is a little over priced because FED is not clear yet. They might need more data's to slow down. D-Indicators are quite close to over cell. Still @ high low...
It did not test the bottom of BB and hold the channel. As you see, stoch and wt cross made a nice deep. After all, i see a movement to the 110 is more possible. For a short while.
# Double bottom in channel # Double bottom StoochRSI
# Every correction time, the index falls under SMA20 and before it goes up gives some fake signal. # A stronger correction is also possible but FED makes it not easy for a while. # It is not investment advice.
# mom has more space to -6572 # my indicator guides 55000 as support
Classical analysis tells us we are in an uptrend becasuse of higher top and base. Plus, we see a nice RSHS and RSI divergence(signal of new trend). If it can stay over BB mid-line, my *minimal* target will be around Fib. 0,236.
Some analyzes have shown "rsi divergence". According to me, it has already made the correction where i indicated with the yellow arrow. Therefore, if there is a decrease in the future, the reason will be different.
I made my guess just for fun through pivot points and averages.
Stoch made nice double bottom so it might be enough to long
There is still huge amount of new assets to flow growing economies.