there is a bearish divergence on the top which implies that the bulls lack the power to ignite a bigger trend upwards without a big selloff first. There are still some days (~2-4) before a clear trend will show itself. However the trend slightly hints that a bearish force is growing. This means we're most likely heading to a correction, possibly bigger than the...
The bearish twin peaks on the AO is a bad sign for the trend which seems to be getting weaker for the first time since it started
not only is the upwards trend losing power the downwards strend is steady and slightly more dominant since the current cycle
even in an upward trend it has to return to mean eventually. The weekly chart obviously shows a turning point. I shorted on 8170 back down to 6.6K, after 9K my stop loss resolves to a long position.
