At the moment we are seeing a possible bullish opportunity as the RSI is becoming bullishly divergent along with over sold conditions on just about every time frame. Also on the hourly chart there appear to be a reversal doji that is confirming that the RSI is indicating. also on the 8 hour chart there is an extremely bullish candle that say little to no follow up however bullish pressure is building as suggested but the lack of selling volume. Bearish trend overall is likely however an over sold bounce that can last several days is also a very likely outcome.
also... Kinda creepy that we bottomed at 6666 but thats neither here nor there.
Anyway, trade carefully,set your stops tightly and God speed.
also... Kinda creepy that we bottomed at 6666 but thats neither here nor there.
Anyway, trade carefully,set your stops tightly and God speed.